Political Quotes

Barney Frank: No. I did not say that, never have. But I have said that there are a number of links, and everybody except the gentleman…

On the recordMay 17, 2007
No. I did not say that, never have. But I have said that there are a number of links, and everybody except the gentleman from New Mexico, apparently agrees that government-sponsored, enterprises, we do many things to them that we wouldn't do to a purely private corporation. They have a line of credit, they have a supervisory board. There is no OFEHO for private corporations. So, no; we treat them very differently, because they continue to be linked to the government, than other corporations in a variety of ways, including giving them housing goals, having OFEHO set up, giving them a line of credit and doing other things. They are subject to many more restrictions than a purely private corporation.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Discussing the differences in treatment between government-sponsored enterprises and private corporations.

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