WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.
During a hearing of the U.S. House of Representatives Committee on Financial Services, Frank, who is the chairman of the panel, noted recently passed bailout legislation specifically authorized buying up such problem assets from financial institutions.