"Mr. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae."
That's Rep. Maxine Waters, D-Los Angeles, in 2003.
The big critics now, Rep. Barney Frank and Sen. Charles Schumer, also
talk about the safety and soundness of Freddie and Fran.
Great quote from Frank: "I want to roll the dice a little bit more in this situation towards subsidized housing. . . ."
Great quote from Frank: "I want to roll the dice a little bit more in this situation towards subsidized housing. . . ."
About this blog
Economic Alert is a daily blog on business and the economy in the San Gabriel Valley and beyond, featuring updates and observations from the staff of the San Gabriel Valley Newspaper Group. SGVN includes the San Gabriel Valley Tribune, Pasadena Star-News and Whittier Daily News.
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
e-mail
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
e-mail
Your hosts:
Kevin Smith is business editor for the San Gabriel Valley Newspaper Group. Over the past 15 years, Smith has covered development, housing, employment, technology and financial trends for a variety of newspapers.
Ryan Carter covers business and the economy for the San Gabriel Valley Newspaper Group.
Recent Comments