In 2005, Barney Frank saw the future and dropped some wisdom on us all.
A few gems:
‘Speculation is NEVER a good thing’ (The bill he’s pimping today will make it harder to short stocks which will just fuel speculation BTW)
Re Housing: ‘This is not the Dotcom situation’
‘People building Fiber Optic for which there was no need’
He should have his own show on CNBC called ‘Fast Losses’. Lucky for him, YouTube came along with all that ‘bad bandwith’ and we can all share in his wisdom.
No one is perfect, but no one sucks as much ass as Barney Frank.
A great reminder to think for yourself.