It is almost impossible when you have a government-sponsored entity for it not to subsidize someone else's mortgage with your tax dollar.
Spencer Bachus: “It is almost impossible when you have a government-sponsored entity for it not to subsidize someone else's mortgage with…”
Editor's note · Context
Bachus highlights the unintended consequences of government-sponsored entities.
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Again, I thank the chairmen, the ranking members, and their staff for putting this together. The resolution process for financial institutions is one of the pieces of unfinished business from the 2008 financial crisis, and we will finish…
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