Friday Quote

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, [t]he more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

– Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee

(New York Times, New Agency Proposed to Oversee Freddie Mac and Fannie Mae, September 11, 2003)

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