"I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound." -- DEMOCRAT Barney Frank - July 14, 2008 -- the Observer presents possibly the #1 dumbest utterance by a progressive democrat
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The Observer Journal recounts one of the dumbest progressive utterances of all time - "I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under I think they are in good shape going forward." -- Barney Frank, DEMOCRAT, House Financial Services Committee chairman, July 14, 2008. 19 days later, the U.S. government was forced to step in and bailout the mortgage giants which were bankrupt. A $5.2 trillion bankruptcy with an initial "investment" of $100 billion for Freddie Mac and $100 billion for Fannie Mae. Each of these bankruptcies is 1,000 times bigger than Enron. Read more here - “Fannie Mae and Freddie Mac, the $5.2 Trillion democrat bankruptcy and growing”
The Observer Journal recounts one of the dumbest progressive utterances of all time - "I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under I think they are in good shape going forward." -- Barney Frank, DEMOCRAT, House Financial Services Committee chairman, July 14, 2008. 19 days later, the U.S. government was forced to step in and bailout the mortgage giants which were bankrupt. A $5.2 trillion bankruptcy with an initial "investment" of $100 billion for Freddie Mac and $100 billion for Fannie Mae. Each of these bankruptcies is 1,000 times bigger than Enron. Read more here - “Fannie Mae and Freddie Mac, the $5.2 Trillion democrat bankruptcy and growing”
Posted by Merl Oberon Publisher at Friday, November 11, 2011 2:06 AM 
Categories: Relearn, Economics, Rage, Reality, Addled, Retirement, Absurd, Revolution
Categories: Relearn, Economics, Rage, Reality, Addled, Retirement, Absurd, Revolution
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