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RE: We Do Not Have a Crisis…


An extraordinary clip, Kathryn. There’s lots more evidence that should haunt them too. For instance, every time you hear Barney Frank talk about this crisis, recall this passage from a New York Times article a few years back:

“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”


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