Political Quotes

Richard Shelby: “We do not have an implicit guarantee, we have an explicit, because Fannie and Freddie are sitting in the taxpayer's lap…”

On the recordMay 9, 2011
We do not have an implicit guarantee, we have an explicit, because Fannie and Freddie are sitting in the taxpayer's lap right now.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

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

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