"Fannie Mae and Freddie Mac are not in a crisis. The more people, in my judgement exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. And even if there were a problem the Federal government doesn't bail them out. " - Barney Frank, September 2003
"Fannie Mae and Freddie Mac are not in a crisis. The more people, in my judgement exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. And even if there were a problem the Federal government doesn't bail them out. " - Barney Frank, September 2003
TMA271 3 years ago