On Aug 22, 6:18*pm, Hawke wrote:
On 8/21/2012 4:39 PM, wrote:



On Aug 21, 6:12 pm, Hawke wrote:

Sorry Dan, but you don't have anything to back up those opinions of
yours.
Hawke




Hey you are the one that takes the word of two members of Congress who
did not try to be re elected because of scandal. See below for
something to back up my opinions. I guess news like this does not
make a good TV story, so you missed knowing what was happening.

Dan


The reality is that Frank, the powerful chairman of the House
Financial Services Committee, has been embroiled in two of the largest
financial scandals in recent history. The first is the collapse of
government-sponsored Fannie Mae and Freddie Mack, which triggered the
nation’s financial crisis. Judicial Watch obtained internal government
documents proving that members of Congress, including — and perhaps
especially — Frank, were well aware that Fannie and Freddie were in
deep trouble due to corruption and incompetence and yet they did
nothing to stop it.

http://www.judicialwatch.org/blog/20...-barney-frank/


Dodd was involved in issues related to the federal takeover of Fannie
Mae and Freddie Mac during the 2008 subprime mortgage crisis. As part
of Dodd's overall mortgage bill the Housing and Economic Recovery Act
of 2008 before Congress in the summer of 2008, Treasury Secretary Hank
Paulson sought provisions enabling the Treasury to add additional
capital and regulatory oversight over these government sponsored
enterprises. At the time, it was estimated that the federal government
would need to spend $25 billion on a bailout of the firms.[40]

During this period, Dodd denied rumors these firms were in financial
crisis. He called the firms "fundamentally strong",[41] said they were
in "sound situation" and "in good shape" and to "suggest they are in
major trouble is not accurate".[42] In early September, after the
firms continued to report huge losses,[43] Secretary Paulson announced
a federal takeover of both Fannie Mae and Freddie Mac. Dodd expressed
skepticism of the action, which the Treasury estimated could cost as
much as $200 billion.

Dodd is the number one recipient in Congress of campaign funds from
Fannie Mae and Freddie Mac.[44]

http://en.wikipedia.org/wiki/Chris_Dodd