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Old October 2nd 08, 03:45 PM posted to rec.radio.shortwave,alt.politics.economics
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Default Bailout Politics
wrote:

Five years ago, Barney Frank vouched for the "soundness" of Fannie Mae
and Freddie Mac, and said "I do not see" any "possibility of serious
financial losses to the treasury."

Five years ago they were solvent.
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