Barney Frank, Asked About Economic Crisis, Blames Everyone Else, Including Questioner

Asked about his role in financial crisis, congressman blames everybody else, including the questioner.

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Earlier this week, Democrat Congressman Barney Frank of Massachusetts gave a speech at the Kennedy School at Harvard University, and took questions afterward. What ensued is the talk of the talkers—both online and on television—and I thought my readers might like to take a look and see for themselves.

A law student asks Congressman Frank, who is the chairman of the House Financial Services Committee, this question: "How much responsibility, if any, do you have for the financial crisis?" Click here to watch what happened next.

And here's the transcript from an interview the law student gave last night to Greta Van Susteren on Fox TV in which he explains why he asked the question in the first place and what his own background is:

VAN SUSTEREN: Joining us live is Harvard law student Joel Pollak, who you just saw debating Congressman Frank. Welcome, Joel. Joel, first of all, I want to, I guess, play a little bit of law school with you and parse what you said. You said — this was the question that the congressman took issue, is that how much responsibility, if any, do you have for the financial crisis? Was that the question?

POLLAK: That was the question.

VAN SUSTEREN: All right. So when Congressman Barney Frank says you're accusing him of something, I guess I would say the "if any" would give him a way to get in or out, saying he had responsibility or none. So your thought on that?

POLLAK: Well, he could have said none. I would have been satisfied if he had acknowledged some of his role as ranking Democrat prior to the time he became chairman and his long history on the Financial Services Committee. But he didn't want to do that. Instead, he wanted to deflect blame onto everybody else except himself.

VAN SUSTEREN: All right. The question seemed like a — at least in my opinion, seemed like fair one, since it wasn't accusative or leading, as you might say in law school, but asking how much, if any, giving him an out. But was he — did he have that same demeanor in answering other questions, or was it just with yours?

POLLAK: Well, to be fair, some of the people who preceded asked some fairly crazy questions. We had a 9/11 conspiracy theorist there and some of the LaRouche people. But I asked him what I felt was a pretty straightforward question. I actually was going to ask him about his position on the AIG bonuses because The Wall Street Journal reported that he paid bonuses to his own staff. So I was going to ask him about that, as well as about his plans to regulate executive pay across the board.

But when I saw him not just in his responses to questions, but when I heard his speech and I heard him blame everyone from Ronald Reagan to the conservatives of the 1930s for opposing whatever it was he was pushing, I thought to myself, Hang on a second. This guy is someone in a position of responsibility and authority. This guy is the one who's making the regulations. He's responsible, essentially, for recreating and redesigning our financial system, and he's not taking any responsibility for what happened at all.

VAN SUSTEREN: All right. He said that it was part of a right-wing attack. I think at some point, you said that you were a conservative. Are you part of some, you know, right-wing organization? You know, can you tell us a little bit about yourself?

POLLAK: Sure. Well, when I came to law school, I was actually a Democrat. My first year, I was the section representative to the Harvard law school Democrats. But I found that my positions differed widely from those of some of my friends and those of the Democratic Party, especially on foreign policy, but on other issues, as well. And I liked many Democratic politicians. I voted for Senator Obama when he was running for senator in 2004, but I was disappointed with the job he did for Illinois.

I still had some hope for him as a candidate, but as the election cycle started, I really was alarmed by some of the things he was saying about foreign policy and about free trade and the economy. So I had always admired Senator McCain, and I volunteered on the McCain campaign, and that was my first time that I was involved in Republican politics of any kind.

And one of the reasons I don't consider myself a Democrat anymore is because whenever you ask a question, you're labeled. You're put into a box. I found that even when I was a left-wing Democrat, as I was — and I was so left-wing in my undergrad days that I thought Bill Clinton was too far to the center. When I would go to left-wing events, I found that questioners did exactly what Congressman Frank did. When I went to conservative events, they listened to the question and they gave me an answer. And so I think that that has a profound effect on you over time, if you're the kind of person who's curious about the way the world works.

VAN SUSTEREN: Joel, thank you. And good luck completing your studies at Harvard. Thank you, Joel.

My vote is that Congressman Frank was out of line. He didn't treat the young man with respect, despite what I thought was a straightforward question respectfully asked. I also think it took some guts for the student to stick with it and keep standing through all the laughter and derision from the Harvard crowd. Good for him.