House Financial Services Committee Chairman Barney Frank (D-MA) continues his legitimate skepticism at Treasury Secretary Henry Paulson's bailout strategy (Paulson release today), which pointedly does not involve helping the homeowners who are losing their homes through foreclosure: A good summary of Barney's view comes from a quote from the Australian Radio show AM:

BARNEY FRANK: As long as you have the foreclosure cascade, as long as you have mortgage-based securities decreasing in value so rapidly, you do not get out of the problem we are in.