Ten years after, we still suffer from the consequences. So was Barney a liar, or just that stupid?
Barney Frank – No problem
Warns appraiser Terrel Shields, “… The financial day of reckoning will come. When it does it will be like the early 80’s when Realtor after Realtor consolidated, downsized, or disappeared. Allowing prices to be raised, not by economics, but by price spiral caused by increasingly inflated prices from bad appraising and equity milking by borrowers will collapse the market far worst than a normal trend would do.”