The Fannie Mae Dice Roll Continues (with interesting quote by Rep. Frank)
Losses of $400 billion are increasingly possible. "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."—Representative Barney Frank, September 25, 2003It was six years ago that Mr. Frank announced his famous dice roll on Fannie Mae and Freddie Mac in the name of affordable housing. Mr. Frank got his wish, and the losses keep rolling in, with no end...
Original Article: Forum: News/Activism
Tags: Affordable Housing, Barney Frank, Comptroller Of The Currency, Dice Roll, Fannie Mae, Fannie Mae And Freddie Mac, Freddie Mac, Little Bit, Losses, Occ Office, Office Of The Comptroller, Office Of The Comptroller Of The Currency, Office Of Thrift Supervision, Ots, Quote, Representative Barney Frank, Six Years, Soundness, Subsidized Housing, X80