On the recordMarch 14, 2012
I think it is a bad idea, and the reason I do is because I think it is market distorting.
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congress.govI think it is a bad idea, and the reason I do is because I think it is market distorting.
Johanns criticizes raising target prices as harmful to market signals.
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But to anyone who might be listening in who is wondering if is it time to give up, it is not.
I think, as you said, the U.S. taxpayers continue to be very much on the hook and at risk as we do nothing to reform our system and maintain the current structure in which we have Fannie Mae and Freddie Mac under U.S. Government control.
I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.
This is the third time you have been before the Committee--once as a nominee and now twice in your role as Chair.