Mike Johanns: “Kind of an unusual phenomena that to pay for things, you would actually have two choices, cut spending or raise taxes.”

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.

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.

Could you do that and make it crystal clear to the public that you confirm that the role of conservator... is to be the bridge builder?

Thank you, Mr. Chairman.