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.
Johanns emphasizes the risks to taxpayers without housing finance reform.
Share
More from Mike Johanns
I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.
Our job is to try to figure out how we deal with that puzzle, that very difficult issue of how to provide services to people who need it.
Somehow we have got to figure out a better way, because at the most important time in this person's life, when they are crying out for help, it should be a simple, straight-forward pathway to access that help.
Other voices in this conversation
