Senator Shelby, head of the banking committee:
Wants to de-leverage the FED and audit the fed, QE de-leverage!
What about fannie mae and freddie mac,
"We will address that, I dont want a bill for the sake of a bill.
I would like to get fannie and freddie up and running on their own, can we do it? i dont know."
Reporter: What about Fannie and Freddie? You were a big critic of the GSE’s before the financial crisis. What is your sense now about whether there is the political will – the ability to wind them down in this Congress?
Shelby: We will address that and see how far we can go. We need bipartisan support in in the Senate to do it but I don’t want a bill just for the sake of a bill. It has to be a strong one. I am not interested in any bill with explicit guarantees. I would like to get Fannie and Freddie up and running on their own without the government’s help. Is that possible? We don’t know.
Reporter: It is a big bipartisan lift, isn’t it.
Shelby: It is, it’s a big lift. But that’s what we are here for
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