Richard Shelby actually said...

Would they be liable for, either implicitly or explicitly, $400 billion or just for the $50 billion?

Shelby seeks clarity on taxpayer liability amounts.

09/20/2010

More Richard Shelby Quotes

I just believe that if we come push to shove, that it is going to be very difficult for the Government not to step in and save the system.

I will say it again. In order for this Committee to reform Fannie and Freddie, I believe that we must understand here why those institutions...

I think it would be very difficult to price risk.

So you are not advocating here that you want a Government guarantee for everything in the real estate industry bills, are you?