That's just Barney being Barney.
It should be shocking because Frank is one of the major creators of the present financial crisis (especially the housing bubble and the Fannie/Freddie disaster).
Yet here he is, still a big player in federal economic policy-making and still pushing policies like the ones that failed so miserably.
More mediated democracy in action. The first rule of the Washington Club is that you can't get tossed out of the Washington Club for little things like being wrong.
Do not be proud of the fact that your grandmother was shocked at something which your are accustomed to seeing or hearing without being shocked. ... It may be that your grandmother was an extremely lively and vital animal and that you are a paralytic.
G. K. Chesterton, As I Was Saying