Follow this link to the 27 minute video of  Washington Journal on C-SPAN Thursday, July 24, 2008.

Rep. Barney Frank (D-MA), Financial Services Committee Chairman talks about the stability of and changes in the domestic and international markets as more and more assets are held outside the traditional banking system. He also discusses the passage of the housing bill by the House.

There is a lot to learn in this video including some thoughts on good investments and bad.

I stumbled across this video trying to do some research to respond to a comment on the Worcester T & G website about Barney Frank’s statement that Freddie Mac and Frannie Mae were sound.  Perhaps he should not have said this, but it may be  that at the time he said this it was true. The situation deteriorated in ways that could not have been foreseen at that point.

My post on this blog titled Private sector loans, not Fannie or Freddie, triggered crisis tries to address the complexity of both sides of the issue.

Follow this link to the New York Times OpEd piece by Frank Rich.

The article is even better than the cartoon.

Be sure to read the post after this one on Powell’s endorsement of Obama.

It is not only the fact of the endorsement, but it is also the way in which the endorsement was made.

I still do not like the way Colin Powell handled the Iraq War presentation to the UN. However, even if you want to completely discredit the man, what he said in the above two videos bears repeating over and over. Follow this link to see Huffington Post’s article and reader reaction to the endorsement.

I hate to steal the thunder from my previous post on David Plouffe, but this is too good to pass up.

Follow this link to the videos of the real Sarah Palin on Saturday Night Live. Huffington Post has been good enough to present links to two skits that Sarah Palin did on SNL.

If you don’t want to go to Huffington Post for some reason, here are the two skits: