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Barney Frank Provides the Best Reason Yet to Not Bail Out the Auto Industry
Barney Frank, today:
Quoting Barney Frank:
"The House is ready to [bail out automakers]," said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. "There’s no downside to trying."
Barney Frank, 3 months before Fannie Mae and Freddie Mac collapsed:
Quoting Barney Frank:
Fannie and Freddie are fundamentally sound, [they] are not in danger of going under... their prospects going forward are very solid.
With the endorsement of Barney Frank, what could possibly go wrong?
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