WHAT THEY SAID ABOUT FAN AND FRED: The Wall Street Journal rounds up some pre-meltdown quotes on Fannie Mae and Freddie Mac from the likes of Barney Frank, Maxine Waters, and Charles Schumer. My favorite: “Rep. Frank: 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.”
Well, roll the dice we did . . . .