21 January 2009

Financial Quote of the Day

From an interview with Barney Frank:
FRANK: I have friends who said 'well, Bank of America's too big, shouldn't we stop them from buying Countrywide?' ... [M]y answer was, I would have been happy if Syria bought Countrywide, because it was one of the most irresponsible institutions out there. Bank of America has done a very good job ... I did not know until you just told me that Fannie and Freddie were doing that and I can pretty much guarantee you that we will have put an end to that within a few days.
ROTFLMAO

Barney Frank is a funny, funny guy.

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