Mike Johanns: “It seems to me that the conditions are, No. 1, the capacity in the system is about where it was a year ago.”

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?

I think it would be beneficial.

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.

I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.