Frank Gets Frank With Paulson on Lack of Help for Homeowners
More from the loquacious Barney Frank, whose patience with Treasury Sec. Henry M. Paulson Jr. appears to be growing thin after the White House yesterday chose to bail out Citigroup, but has still done nothing for struggling homeowners. That decision, Frank said in a statement today…
…underlines the contrast between the administration’s activity in this area and its failure to take similarly decisive action to reduce mortgage foreclosures. As I told Secretary Paulson when he informed me this morning of his decision to provide funds for Citigroup, I believe it is essential that TARP funds be used immediately to fund mortgage foreclosure relief… There is no good reason for further delay.
Sounds like the honeymoon for these two finance wizards might be reaching its end.