Barney Frank: “I am tired of the Republicans' death-by-1,000-cuts strategy to roll back the significant gains we have made since…”

I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.