[charlotte q]

It's like creating "FDlC" federal insurance for municipal bonds in case of default. Would you want your tax $ to pay for some other state's mistakes and living it up routines like CA ?

Do you approve of giving states a $ printing machine just like the feds and never have to balance any budgets again?

Are you gullible?
http://www.businessinsider.com/barney-franks-insane-muni-bond-guarantee-2009-4

Barney Frank's Insane Muni Bond Guarantee

The Wall Street Journal shreds Barney Frank's proposal to create an FDIC-like federal insurance program for municipal bonds. It?s a devastating critique that is made all the easier by Frank?s crazy talk about the program costing the federal government nothing at all.

Politicians tend to like insuring assets because they can pretend insurance is free?they don?t have to borrow or raise taxes to pay for it. By the time the bills come due, the politician may have moved onto greener pastures and the public will likely have forgotten the promises of free money. At best, the price of insurance simply gets passed onto future generations.

[bayouchipette]

FDIC is great without it we would really be fucked.

also John Carney doesn't believe we are in a recession and when banks started failing he didn't believe it was a disaster.

[wiseghy]

Barney Franks is a disgrace.

Every time that person opens his mouth nothing but idiotic blabber comes out.

[Christie]

I don't trust anything that Barney Frank has anything to do with.
Period.

[john d]

They can guarantee you that they will print you some money, but they can't guarantee you that it will buy anything.

[Rihanna]

Anything Blubberin' Barney is for, I am against.

[happilyeverafter]

Barnie frank has screwed us over enough already