Political Quotes

Richard Shelby: “That is, it sits in the taxpayer's lap, like it is today, Fannie and Freddie--and privatize the profits. That is a…”

On the recordMay 9, 2011
That is, it sits in the taxpayer's lap, like it is today, Fannie and Freddie--and privatize the profits. That is a dangerous situation, is it not?
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Highlighting concerns about socializing risk and privatizing profits with Fannie Mae and Freddie Mac.

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