Franklin Raines: "Our assets are so riskless that it doesn't matter if we're levered up 80-1"

Apr 13, 2011 at 7:19 PM
DailyBail in congressional hearings, congressional video, fannie and freddie, fannie mae, franklin raines, freddie mac, gse, video

Watch pols (mostly Democrats) make asses of themselves defending the GSE's, plus watch Fannie Mae CEO Franklin Raines claim that "these assets are so riskless" that it doesn't matter if we're levered up 80-1.  Gotta love the internet for keeping this footage around forever.  We might not get them all tossed in jail, but we can sure ruin their reputations by pointing out their hypocrisy.  Again and again and again.

Related:

Franklin Raines On Foreclosure Fraud (CNBC)

 

 

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