Today the House passed H.R. 3221, the Foreclosure Prevention Act of 2008, with overwhelming Democratic support and substantial Republican opposition. The bill, which goes to the Senate and could be sent to the White House by next week, will provide relief for homeowners crushed under ballooning mortgage payments and gives the government more authority to shore up Fannie Mae and Freddie Mac.
During floor debate today, Rep. Barney Frank (D-MA-04) read the riot act to recalcitrant Republicans who were trying to stall the bill. Among other points that he made, he noted that he and other representatives had tried for years to reform housing laws but had been obstructed by the Republican majority. In this video, Frank is fiery, irritated, lucid, and unstoppable. As always.
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