http://www.marketwatch.com/news/story/sen-dodd-calls-fannie-freddie/story.aspx?guid=%7B6D500286-5BDC-433B-A2EF-A9B3CE520ADE%7D&dist=hpts
"This is not a time to be panicking about this. These are viable, strong institutions," Sen. Christopher Dodd, D-Conn., said at a Capitol Hill press conference. The comments came as the two government-sponsored enterprises continued to be the focus of growing fears they could be insolvent or could face a capital crunch.
"The economics are fine in these institutions and people need to know that," Dodd said. There's no reason "to talk about failure," he added. Dodd, who chairs the Senate Banking Committee, said he had spoken earlier with representatives from the Federal Reserve, Treasury Department, the executives of Fannie Mae and Freddie Mac, as well as their regulator, the Office of Federal Housing Enterprise Oversight.
He said he was reassured that the firms are "fundamentally sound," have access to the capital markets, and have plenty of capital. "These two institutions are fundamentally, fundamentally strong," Dodd said. "There's no reason for the kind of reaction we're getting."
We have heard nothing but lies since Bernanke said “subprime is contained and won’t affect the real economy.” In fact, the lies began long before that when Greenscam said there was no housing bubble.
Bank losses. Strength of the economy. GDP. Inflation rate. Employment numbers Nothing but lies. These aren’t the economic numbers you are looking for. Move along, move along...