Barney Frank Has No Clue What He’s Talking About When It Comes To Fannie Mae And Freddie Mac – John Carney - Clusterstock at Business Insider
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Frank Shocks Investors – Submitted by Harkamal Singh – … by saying that the US Treasury will not be liable to pull shareholders out of their $5 trillion mortgage-linked securities issued by Fannie Mae and Freddie Mac. He said, "Please don’t think this debt is federally guaranteed, … However, Frank’s statement was snubbed by the Treasury saying that it will back its Christmas Eve promise to sponsor the securities with unlimited funds. After this reproach, Frank, Chairman of the Powerful House Financial Services Committee, retreated from his statement … – TopNews.us
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Barney Makes Hash – … Barney is the Rainmaker for the country’s mortgage agencies, Fannie and Freddie. He was the Don that blessed everything that happened for years. Without him these two dead ducks would not be the disaster they are today. And Barney Frank has no clue how our system works. He proved it several times on Friday. He started with a stupid comment in the WaPo: "People who own Fannie and Freddie debt are not in the same legal position [as those who own] Treasury and I don’t want them to be. ”. – Bruce Krasting Blog
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(Has a draconian solution) : Assuming Barney Frank Is Not Lying…. – Karl Denninger – … about fixing housing finance through a completely redesigned system instead of trying to "fix" Fannie and Freddie (I know, believing a politician is not lying is always dangerous) I offer up the following suggestions. … – The Market Ticker