The Worst Predictions About 2008

Business Week has some of the bad predictions of 2008.Here's one:

"I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008

Barney Frank has a most loyal voting bloc.