Crazy: Barney Frank Has a Good Idea

I think Barney Frank is the single most dangerous man in America as it relates to our well-being and ranks #1 or #2 in culpability for the financial meltdown that is now cratering the economy. That said, I am going to credit him today for a good move, a move that may even be responsible for pulling the market up off its early morning lows. He said that banks that didn't want the TARP money and don't want to live with the restrictions that come with it, can give it back today. Granted, this was just him chirping on CNBC, but if he really means it (and Jamie Dimon should ask him if he means it and then ask him where he should send the money) that means that healthy, well-run banks can get out from under the government yoke and reclaim control over their own affairs. It will also separate out the healthy banks from the bad banks alot quicker than Geithner's new and improved regulatory stress test. This is good news for the banking system - we can separate the wheat from the chaff on the quick.