Political Quotes

Richard Shelby: Despite repeated warnings by me and other Members of this Committee about the risk that GSEs presented, they were…

On the recordOctober 7, 2009
Despite repeated warnings by me and other Members of this Committee about the risk that GSEs presented, they were allowed to accumulate more than $5 trillion in financial obligations with only minimal amounts of capital.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Shelby criticizes the accumulation of debt by GSEs without adequate capital.

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