Remember this?
I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. Theyre not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward. - Barney Frank on CNBC; July 14, 2008
"I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. Theyre not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward." - Barney Frank on CNBC; July 14, 2008
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I hear you brother.
How the Community Redevelopment Act and how Fannie Mae and Freddie Mac were administered set the stage for the sub-prime melt-down. Dems pushed their social engineering policies on the mortgage markets and ruined the financial system.
Welcome to Marx-o-nomics.
Blessed are the young, for they will inherit the national debt.
He’s actually sounding sane! Obviously, unlike Dumb’O, he can read polls!!
He realizes that with the new Congress, the criminal investigation of him, Raines, Gorelick and the other insider Democrats that controlled Fannie and Freddie will begin. He’s trying to distance himself from indictment.