Famous Last Words

”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.”

September 11, 2003 in the New York Times

Will there be calls for Representative Frank to step down from his position? Will taxpayers ever tire of paying for government and quasi-government agencies that reward a handful with multi-million dollar year end bonuses and stick the taxpayers with the bill when they ultimately collapse under the weight of waste, corruption, and greed?

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: