Political Quotes

On the recordMarch 4, 2009
If we go forward with this idea, we will be creating an unlimited number of Fannie Maes and Freddie Macs, companies that are seen in the market as ultimately backed by the Federal Government.
Said by
Pat McHenry
Republican · North Carolina

Editor's note · Context

McHenry warns against creating institutions backed by the government, referencing Fannie Mae and Freddie Mac.

Share & report

More from Pat McHenry

Jul 11, 2023

We also shouldn't be forced into European standards.

congress.gov
May 9, 2023

However, if we fail to provide a functional framework for digital assets in this country, all we are doing is forcing this activity to happen in an offshore exchange, rather than in a nicely-innovative, properly-regulated U.S. working…

congress.gov
Sep 26, 2023

There is a critical need for comprehensive economic analysis of the rules you have proposed.

congress.gov
Jun 5, 2023

For platforms that want to do it right, that care about their customers, that care about customer protection, it is absolutely doable now, without legislation.

congress.gov

Other voices in this conversation