I have one more question. I just want to get it in before my time is up.
Jim Bunning: “I have one more question. I just want to get it in before my time is up.”
Editor's note · Context
Bunning emphasizes the urgency of his question regarding consumer spending.
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if the Congress does it that way, you are absolutely correct that this program will fall into an abyss and never pay for itself, and the Government will be on the hook for more than the 18 plus billion dollars it presently is.
Are the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?
Is that not just kind of a transferring of what we cannot pay for and what our excesses are presently to my children and grandchildren? Is that not kind of a wealth transfer or a debt transfer?
No, no, no. Why is it your decision to report to the SEC and not to the public which you have an obligation to do?