On the recordMarch 16, 2011
From my recollection, I was struck by the gentleman talking about those figures, that they were too high, because the last I heard, the gentleman and I were together in trying to establish--
“From my recollection, I was struck by the gentleman talking about those figures, that they were too high, because the last I heard, the gentleman and I were together in trying to establish--”
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One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'
It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
We should have made it much higher, $125 billion or more, and we should have indexed it.
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