For those of you who thought that Barney Frank was retiring just to avoid a tough re-election, there is this bit of news: SEC Charges Ex-Fannie, Freddie CEOs With Fraud.
Just a reminder, Barney Frank not only setup the circumstances to allow this fraud, he also successfully killed the much needed oversight to prevent such abuse.
Even the Canadians understand Frank has to go
Chris Dodd slouched away in a similar manner, for much the same reasons.
One can only hope that Maxine Waters is right behind them, as she was another significant player behind the worst financial crisis this country has seen.
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