Richard Shelby actually said...

we do not have an implicit guarantee, we have an explicit, because Fannie and Freddie are sitting in the taxpayer's lap right now.

Pointing out the current explicit taxpayer guarantee for Fannie Mae and Freddie Mac.

05/09/2011

More Richard Shelby Quotes

You know what I am asking, don't you?

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I believe our immediate attention should be to help those most in need who can be helped and are willing to help themselves.