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Reply to "Barney Frank is being quite candid"
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[quote=Anonymous][quote=Anonymous]contrite Barney Frank In an interview on Larry Kudlow's show in August 2010, he said "I hope by next year we'll have abolished Fannie and Freddie ... it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it." never to be seen again, Of the 19.2 million subprime and low quality loans that were on the books of government agencies in 2008, 12 million (about 62%) were held or guaranteed by Fannie and Freddie http://www.theatlantic.com/business/archive/2011/12/hey-barney-frank-the-government-did-cause-the-housing-crisis/249903/[/quote] Oh, my apologies. I forgot the standard was 100% pure. Lets talk about the Brady bill instead. [/quote]
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