Richard Shelby actually said...

The implicit, so-called cost-free guarantee of Fannie Mae and Freddie Mac has already soaked the American taxpayer for over $170 billion.

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

09/12/2011

More Richard Shelby Quotes

The demise of Fannie and Freddie could have been prevented had the Committee acted sooner.

Fannie and Freddie's disproportionate influence on this Committee and Congress ultimately cost the taxpayers billions.

We need to remember 2005 and 2006 were not normal markets and we do not want to go back to that.

one of the most results-driven aspects of our entire Federal budget.