Mike Johanns: “Mr. Chairman, that is a very kind offer. I concur with so many things that you said and wanted to indicate that.”

I just hope we are not over-engineering something here.

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.