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.
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
Source
congress.govEditor's note · Context
Shelby criticizes the accumulation of debt by GSEs without adequate capital.
Share
More from Richard Shelby
May 2, 2022
Putin's actions have created the largest humanitarian crisis in modern Europe while his forces attempt to consolidate their territorial gains in eastern Ukraine.
May 9, 2022
With inflation at the highest levels we've seen in 40 years, the request represents a cut from the 2022 level.
Dec 22, 2022
I rise today for the last time here to address my colleagues on the floor. After nearly 100 years of combined service between myself and the chairman, I think that we understand the Senate a little bit. This bill, we know what it is--we…
May 3, 2022
the numbers at the southern border were merely a seasonal surge, but the numbers have only continued to get worse.





