Interesting Insert on Alternatives and of course the often buried - TopicsExpress

Interesting Insert on Alternatives and of course the often buried letter "Here is the infamous letter from Barney Frank and Nancy Pelosi to President Bush claiming that safety and soundness for Fannie and Freddie should be relaxed for the affordable housing mission: “We have been concerned that the Administration’s legislative proposal regarding the GSEs would weaken affordable housing performance by the GSEs, by emphasizing only safety and soundness. While the GSEs’ affordable housing mission is not in any way incompatible with their safety and soundness, an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing. “ In other words, roll the dice on affordable housing even if it crashes the house of cards. Charming"

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