Frank's 'told you so' on housing

From NBC’s Abby Livingston The New Yorker recently quoted Chairman of the House Financial Services Committee Barney Frank saying, “Everybody likes to say ‘I told you so.’ I have found personally that it is one of the few pleasures that improves with age. I can say ‘I told you so’ without taking a pill before, during, or after I do it.”   And this morning at a breakfast with members of the press, he did just that.   Among those he is sore with is Hank Paulsen, saying that the former Secretary of the Treasury’s biggest mistake was, “He refused to use any of the TARP money on home foreclosure mitigation.” Frank later added, “Hank Paulsen, on the whole, did a very good job,” but he “lost sight of the rest of the country and pissed them off entirely.” ...( read more ) (link)