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Originally Posted by JollyRoger
Barney, the RWNJ bogey man who caused the 08 crash according to the RWNJ Alternate Theory Of The Universe.......
I agree with him, this is the best outcome. No compromise, well, then let's do it.
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Remember this statement by Frank during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie?
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I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.
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Had he told the truth then, I doubt we'd be in such a mess now with Fannie and Freddie.
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1987 560SL
85,000 miles
Meet on the level, leave on the square. Great words to live by
Were we directed from Washington when to sow and when to reap, we should soon want bread. - Thomas Jefferson: Autobiography, 1821.