Richard Shelby actually said...

I think that is important as far as Fannie and Freddie are concerned.

Your commitment to protecting both taxpayers and homeowners has served our Nation well, and we are finally beginning to see signs of recover...

In other words, they are sitting in the lap of the taxpayer.

But it seems to me that it makes no sense for Fannie and Freddie, in other words, the implied guarantee of the taxpayer, to have 100 percent...