Good stuff when one liberal attacks another one.

CUOMO: You approved the T.A.R.P plan. You approved the spending. And the question is, where is the accountability? Do you know where that money went?

FRANK: Well, I'm trying to explain that. No, in part, we don't- first of all, this is not just a technical thing since you're stretching the title. It's the Financial Services Committee. I say that because there is a Senate Finance Committee that deals with taxes. Yes, we know in part where it went. We are unhappy with that. We set up a mechanism to monitor it. And because we are unhappy with it, we have frozen the second half of it.

CUOMO: But just think about that as the taxpayers out there, Mr. Chairman-

FRANK: I'm sorry, sir, but- I'm sorry, if you keep interrupting we cannot have a coherent conversation. These are not subjects that can be answered in 18 seconds. You asked me what's happened, I told you. They spent the 350 differently then they told us. We expected them to spend a lot to spend on diminishing foreclosures. They refused to do that. As a result, we have froze the second half. And we won't unfreeze it until we get an agreement, and I think we will, because we have a different and, I think more flexible, administration.

Posted by: eddiebear at 01:41 AM | No Comments | Add Comment
Post contains 233 words, total size 2 kb.