Rupert Murdoch Slams Barney Frank For Fannie and Freddie

The Live Feed reports on Rupert Murdoch:

"One has got to go back on this and say, look, this started 15 years ago, with Barney Frank and people pushing Fannie Mae and Freddie Mac to make a lot of bad loans, until they finally had $11 billion -- or nearly $11 billion out there. I don't say all bad, but it became a racket.

Barney Frank,the leverage promoter.