House Financial Services Committee hearing, Sept. 25, 2003:
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. . . .
Thursday, October 2, 2008
Gamblin' Man
Posted by Harriet at 11:01 AM
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2 comments:
Falcon was the man...
http://www.washingtonpost.com/wp-dyn/articles/A30436-2004Dec27.html
OFHEO is now a rug.
here's a great clip showing Falcon before the House in 2004 asking for more regulation, the Republicans asking for more regulation and a crack down on Fannie Mae CEO Raines' lucrative compensation, and the Democrats calling Falcon and the OFHEO incompetent and calling the hearing a "political lynching" of Raines:
http://www.youtube.com/watch?v=hN31-nKndg8
gotta love hypocrisy!
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