10-02-2008, 01:19 AM
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----> Iron Mod <----
Join Date: Sep 2004
Posts: 31,483
My Mood:
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What They Said About Fan and Fred
Hopefully the voters of these political hacks will remember what they said come election time.
What They Said About Fan and Fred - WSJ.com
Quote:
Rep. Frank: Let me ask [George] Gould and [Franklin] Raines on behalf of Freddie Mac and Fannie Mae, do you feel that over the past years you have been substantially under-regulated?
Mr. Raines?
Mr. Raines: No, sir.
Mr. Frank: Mr. Gould?
Mr. Gould: No, sir. . . .
Mr. Frank: OK. Then I am not entirely sure why we are here. . . .
Rep. Frank: I believe there has been more alarm raised about potential unsafety and unsoundness than, in fact, exists.
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