Caught in a complete, bold-faced, unequivocal lie, Barney Frank’s pants spontaneously caught fire Monday evening.
You could see the fire from space.
Here’s what sparked the incendiary pants, in all its glory.
Fuel was poured on to Frank’s pants in 2003 when, after George W. Bush proposed more regulation for Fannie Mae and Freddie Mac, Frank said:
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Two days ago, the spark that lit the fuel caused the pants to ignite when Frank said:
“Low-income home ownership has been a mistake, and I have been a consistent critic of it,’’ said Frank
A consistent critic of making low-income housing affordable? Is he serious?
My guess is that Tina Fey could smell the smoke drifting from his burning pants in Massachusetts all the way to set of SNL in New York.
Thanks for Greg Mankiw for the pointer.