Rep. Barney Frank of Fannie Mae-Freddie Mac fame told Neil Cavuto this morning that if Moody’s downgrades the US debt, “We just don’t pay much attention to them… Don’t sell.” He then went on to blame the ratings agencies for ignoring the mortgage crisis… that he helped create.The video:
Democrats are in full attack mode on credit agencies if you can believe that. From just a couple of days ago: Dennis Kucinich: Kill The Messenger! Downgrade The Credit Agencies! Flunk Me, FLUNK YOU!
Yeah - that'll help the overspending.