Political Quotes

Gary Peters: “Allowing Fannie and Freddie to pass on massive profits to their shareholders and huge bonuses to their executives and…”

On the recordNovember 2, 2011
Allowing Fannie and Freddie to pass on massive profits to their shareholders and huge bonuses to their executives and employees while sticking taxpayers with losses was a huge mistake and it should never be repeated.
Said by
Gary Peters
Democratic · Michigan

Editor's note · Context

Critique of the GSE system's failure and its impact on taxpayers.

Share

More from Gary Peters

Oct 6, 2026

“While this is a positive step forward, the job is not finished until full operations are restored at every impacted Coast Guard station in Michigan, and I’ll keep pushing until that happens.”

peters.senate.gov
Oct 6, 2026

“United States Coast Guard search and rescue units play a vital role in ensuring the safety of Michigan’s Great Lakes communities, and I’m thrilled that full operations are returning to Station Saginaw River in Essexville,” said Senator…

peters.senate.gov
Sep 26, 2026

The newly renovated Pontiac Oaks Park is a prime example of what’s possible when federal, state, and local officials work together to achieve a common goal.

peters.senate.gov
Oct 8, 2026

For more than a century, Berston Field House has been a gathering place for Flint residents. It’s important that this historic landmark continues to serve the community for generations to come.

peters.senate.gov

Other voices in this conversation