American-Manifesto.com In Defense of American Exceptionalism

Here is the March 2008 press release for Q4 2007 results from OFHEO annoucing that Fannie and Freddie are just peachy.  That’s the same OFHEO that Barney Frank blocked reforms of in 2003, saying Fannie and Freddie “are not facing any kind of financial crisis.”  Job well done Barney.  Keep up the good work.