Thursday, January 29, 2015

"I would like to get fannie and freddie up and running on their own" , Senator Shelby

New:
Senator Shelby, head of the banking committee:

https://celebrity.yahoo.com/video/iran-nuclear-talks-survival-shelby-202341957.html

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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