Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer.
Editor's note · Context
Senator Shelby points out the financial burden on taxpayers due to Fannie and Freddie's losses.
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I call up my amendment No. 5418 and ask that it be reported by number. The PRESIDING OFFICER. The clerk will report. The legislative clerk read as follows: The Senator from Alabama [Mr. Shelby] proposes an amendment numbered 5418 to…
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