Barney Frank’s exact Freddie/Fannie words.

Democrat Barney Frank, as a ranking member of the committee he now chairs, told the New York Times [NYT] in 2003, “These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

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