"These two entities--Fannie Mae and Freddie Mac---are not facing any kind of financial crisis." Barney Frank [ 9/11/2003 ]
"Fannie and Freddie are fundamentally sound, they are not in danger of going under----I do think their prospects of going forward are very solid." -- Barney Frank [ 7/14/2008 ]
Yeah, because this thread is all about Barney Frank and Fannie/Freddie...
/sarcasm.
NOOO.....Because of your statement I have highlighted, above. Subprime mortgages and demonic liberal ideas were the instigating force that took down this country, by providing loans to people who could not afford to make their payments. Chris Dodd and Barney Frank were responsible. [This is not to excuse the Bush admininstration for eventually going along with it. ]
Guess what?
I'm not rdean. I didn't make the statement you highlighted.
But blaming Dodd and Frank is about as stupid as blaming Bush. The fault lies with the banks.