Political Quotes

Richard Shelby: “The implicit, so-called cost-free guarantee of Fannie Mae and Freddie Mac has already soaked the American taxpayer for…”

On the recordSeptember 12, 2011
The implicit, so-called cost-free guarantee of Fannie Mae and Freddie Mac has already soaked the American taxpayer for over $170 billion.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby highlights the financial burden on taxpayers from government-backed housing guarantees.

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