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.
The program also can deny legitimate merchants access to financial networks they need to survive.
I think maybe listening to everyone on the panel, I think, and most of the Members on the dais, we all agree that our country, its citizens, and even our immigrants need comprehensive immigration reform.
In this economy, the last thing we need is to make it harder for businesses to operate and employ workers, and by that I mean legitimate businesses.
Other voices in this conversation
