David Dayen: Barney Frank Explains the Financial Crisis: “The TARP legislation included specific instructions to use a section of the funds to prevent foreclosures… …Without that language, TARP would not have passed…. The Bush administration… used none of the first tranche on mortgage relief, nor did Treasury Secretary Henry Paulson use any leverage over firms … Continue reading Lunchtime Must-Read: David Dayen: Barney Frank Explains the Financial Crisis