Frank replies: “Not at all. There's an important social contract here. When deceitful housing lenders play by the rules, and bribe members of Congress with campaign contributions, they have a right to expect that we will protect them from losing money. Now let me say something else here. Many of you are probably wondering, where did that $700 billion missing from our economy go? To help answer that, let me introduce our good friend, billionaire hedge fund manager, George Soros...”16 posted on Wednesday, October 08, 2008 4:25:23 PM by library user
There's an important social contract here. When deceitful housing lenders play by the rules, and bribe members of Congress with campaign contributions, they have a right to expect that we will protect them from losing money.