Mike Johanns: “I do not think anyone on the panel is looking to this area of the real estate economy or industry and trying to make the…”

Thank you, Mr. Chairman.

But to anyone who might be listening in who is wondering if is it time to give up, it is not.

It is Congress who will create the next housing finance system and that the next housing finance system is not the conservatorship of the FHFA.

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.