Don't you remember Bawney proudly stating that FM & FM were sound??? That was a lie! People relied on his 'lie' and things went down the toilet. He carries plenty of guilt.........and I didn't even mention the boys pimping service offered out of his residence!!
TIME FRAME TIME FRAME TIME FRAME TIME FRAME..... get it in perspective. When those comments were made, Both friend and friend under the direction and encouragement of GW BUSH set aside 440 billion to COVER loans to low income and buyers with bad credit. DID YOU MISS THE FACTS? Oh yeah, I forgot, those escape you.
The loans didnt start to crumble until 2007 at the start of the BUSH recession. Comments made in 2001 and 2002 would have no bearing since 2007 didnt arrive until 5 more years.
At the time, friend and friend was sound. IF Barney Frank would have made this comment in 2008 then you would have a case, but you dont.
Sheesh. Dont you ever apply logic to anything in your life?
Peace.