Speaking at a House Financial Services Committee hearing, Congressman Barney Frank defended Fannie Mae and Freddie Mac.
||I worry, frankly, that there's a tension here. The more people, in my judgment, 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.||”|
The Who & When:
Barney Frank, September 10, 2003
Wall Street Journal