Friday, September 18, 2009

An Old Favorite Back on His Hobbyhorse

It appears barney frank is actually trying to expand the CRA--I guess he thinks the cure for poisoning is to administer more poison. This guy is one of the lowest, most shameless scumbags in Congress.
 
And here's an analysis of Congressional failure to do due diligence on CRA efficacy:
 
The handling of the CRA by both parties sounds conspiratorial to me, the lack of any transparency or analysis seems deliberate. Perhaps the idea is to throw trillions of dollars at the poor, especially poor minorities, in order to soften them and civilize them and thereby give them an incentive to stay out of prison. But, is it even working? Is it worth the cost? How can we tell without some analysis?

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