Barney Frank and Chris Dodd Hid Fannie and Freddie Collapse

NY Times, September 11, 2003:

"The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government­-sponsored companies that are the two largest players in the mortgage lending industry."

Barney Frank, quoted in the same article, 2003:

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee.

Chris Dodd on Fannie and Freddie, June 2008:

"These are viable, strong institutions," Sen. Christopher Dodd, D-Conn., said at a Capitol Hill press conference.