This actually is a government-sponsored entity. And what we do in this bill is we try to separate and say that there is no implied guarantee by the government for this entity; it needs to generate its own profits. And it does that from homeowners whose mortgages they purchase or back.
Discussing the nature of government-sponsored entities in relation to a legislative bill.
Share
More from Spencer Bachus
If you are imposing costs on the system, you should have to internalize them.
Wouldn't it be a better approach to say, 'Take all that out, and then send it to us?'
I want to commend the gentleman from Washington (Mr. Kilmer) for what I consider a straightforward, commonsense amendment. This is an amendment to the Fair and Accurate Credit Transaction Act, what we commonly call the FACT Act. The FACT…
I am concerned about the impact of the merger, and we have had some conversations with both sides on this...
Other voices in this conversation
