Richard Shelby actually said...

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?

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

05/09/2011

More Richard Shelby Quotes

Has the SEC staff considered, to your knowledge, or seen a particular financial statement prepared under the rules of the international stan...

And that is no easy task.

Were they too big to regulate?

This is, I think, a very timely hearing and a very needed hearing dealing with international cooperation.