Compare and contrast

Watch this:

and compare it to Barney Frank’s defense of Freddie and Fannie:

Tell me who’s responsible for this mess. President Bush? Really? John McCain? Now before you say that “Henry, I thought you were a conservative. I thought you were against excessive regulation, how could you be for more?” consider that Fannie and Freddie are quasi governmental entities. That’s what GSEs are: Government Sponsored Enterprises. These entities were not governed by the boundaries of the market, they had a mandate and blank check from the federal government.
Remember this, the only monopoly that can exist over the long term is the one that’s protected by the government.