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The Background:
Speaking at a House Financial Services Committee hearing, Congressman Barney Frank defended Fannie Mae and Freddie Mac.

The Quote:
Barney Frank 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


  • The Source:
  • Wall Street Journal


  • See More Pablum From Barney Frank:
    Barney Frank Quotes
    Barney Frank

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