Political Quotes

Bob Menendez: Well, you cannot have a universe of people saying that Fannie and Freddie are the cause of the crisis because they were…

On the recordOctober 7, 2009
Well, you cannot have a universe of people saying that Fannie and Freddie are the cause of the crisis because they were the entities that created the mortgage collapse and because they got largely involved in subprime mortgages and not be able to quantify it.
Said by
Bob Menendez
Democratic · New Jersey

Editor's note · Context

Menendez emphasizes the need to quantify Fannie and Freddie's role in the mortgage crisis.

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