WAH! We all talking about the ACA, when did we move to F/F?<quoted text>
If only people had listened to what he said? I'm afraid they did:
“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 [Fannie Mae and Freddie Mac] that are fundamentally sound financially and will withstand some of the disaster scenarios.”
In a report on the safety and soundness of Fannie Mae and Freddie Mac from their regulator, Falcon, Frank attacked Falcon:“I don’t see anything in your report that raises safety and soundness problems.”
"I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. I think they are in good shape going forward. They're in a housing market. I do think their prospects going forward are very solid."
The Fed sure have big interested and tookover F/F , else they lay waste in dumpster?