July 10, 2008

Not Encouraging

By: James Poulos

If good grammar builds confidence, be considering I worriedsomely:

Our regulator has emphasized that we have continued to maintain the highest capital rating, and we are in the market everyday. We’ll continue to do so. — Sharon McHale, vice president for public relations, Freddie Mac

And for that matter:

Those institutions, Fannie and Freddie, have been responsible for millions of Americans to be able to own their own homes, and they will not fail, we will not allow them to fail. They are vital to Americans’ ability to own their own homes. And we will do what’s necessary to make sure that they continue that function. — John McCain