Archive for the ‘Fannie Mae’ Category

On August 17, 2007 – we posted the article below. In light of the events of the past few weeks, please take a few minutes and re-read this amazing piece of information.

Countrywide Financial

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From a New York Times article of SEPTEMBER 11, 2003!

”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.” — Barney Frank (D-MA) is the current Chairman of the House Financial Services Committee.

Read the rest of the article and what was proposed 5 years agohere.