”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.That's Brookline's representative in 2003, opposing President Bush's proposal to create a new agency...
"within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry."Good call Congressman.
From Massbackwards. Read the whole thing, especially the bit on Barack Obama. More here.
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