I thank the gentleman from Colorado and the gentleman from Texas for coming down to the floor tonight. I am honored to join you tonight to have this conversation about developing a comprehensive American energy plan that will lead to…

the principal goal of the conservator should be to preserve taxpayer money

It should have been done.

Hopefully they will do the calculation, and it will be the right calculation.

In the short term, I think that both you and to a degree Dr. Mayer are saying there are steps that the conservator could and should be taking right now.

But as you know, Senator, FHFA has done a great deal of independent review itself of this important matter because I believe that assuring that we are taking appropriate steps to provide assistance to troubled borrowers is very much at the…

In fact, my sense is you are arguing that this is really what he should be doing because of his obligations under the present law to, you know, stabilize and to recover as much assets and be as businesslike as possible.

I am frustrated. I am frustrated by it.

Conserving and preserving assets is an incredibly important goal.

it is a lot smarter for a bank to keep someone in their home paying rent and maybe even have a principal kicker at the end than to foreclose.

Madam Speaker, I rise today to honor and recognize the contributions made by the hardworking men and women at the Raytheon Company. Every day, the innovators at Raytheon strive to develop new technologies to defend our country and ensure…

But you are the conservator. You are representing the Federal Government in everything that they do or fail to do.

has too few examiners to ensure the efficiency and the effectiveness of its GSE oversight programs.

I think the paralysis that we have seen around here, maybe it has been broken, because now, at least, we have taken a step forward.

I am perplexed. I have my models, and I look at this data very carefully

You have led the way with proposals to expand the effectiveness of the HAMP program to make it more useful.

trend of deference to the Enterprises, including a reliance on the determination of the Enterprises without independently testing and validating them.

Have you directed Fannie or Freddie or both to independently conduct an evaluation of the pros and cons of principal reduction as a way to, hopefully, in the long run, enhance the value of their franchises?