Thursday, October 2, 2008

Maybe He'd Like To Take This Back

From a roundup of what politicians have said about Fannie Mae and Freddie Mac"
House Financial Services Committee hearing, Sept. 25, 2003:

Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . .

OK. Dice rolled, financial mess ensues. Thanks a lot.

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