The definition of insanity is doing the same thing over and over and expecting different results.
I've seen this quote attributed to Benjamin Franklin, Albert Einstein, and Mark Twain. Wikiquote says it was actually from Rita Mae Brown.
I think we can be fairly certain it didn't come from Barney Frank:
Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said...
...In a letter to the CEO's of both companies, Representatives Barney Frank, the chairman of the House Financial Services Committee, and Anthony Weiner warned that a 70 percent sales threshold "may be too onerous" and could lead condo buyers to shun new developments, according to the paper.
The legislators asked the companies to "make appropriate adjustments" to their underwriting standards for condos, the paper added.
You know, because it worked out so well the last time...
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