While the United states Armed Forces (private mercenaries) are in Afghanistan, Djibouti, Iraq and the Philippines defending “all freedom-loving people everywhere in the world,” Democratic (socialist/fascist) CONgressman Barnett “Barney” Frank, of the commonwealth of massachusetts, a member of the house financial services committee, says at a hearing on the financial viability of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (a.k.a. “Fannie Mae and Freddie Mac”), “I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. … I do not think at this point there is a problem with a threat to the Treasury.”

       [restored 12/10/2023] Thanks to Chuck McGlawn for this entry.

Subsequent Events:

12/16/2003                   2/27/2008                    3/11/2008

References:

The Tax Foundation – Barney Frank on Fannie Mae and Freddie Mac in 2003
www.taxfoundation.org/blog/show/236/17.html

Current U.s. National Debt:

$36,167,124,467,492

Source