04/14/2010
https://www.congress.gov...
"To properly consider the future of the housing GSEs, one should first consider the goals policymakers have for the U.S. housing finance system, and specifically the secondary market."
"Despite repeated warnings by me and other Members of this Committee about the risk that GSEs presented, they were allowed to accumulate more than $5 trillion in financial obligations with only minimal..."
"I fear that the longer we wait, the more it is going to cost the American taxpayer."
"As we consider the future of the GSEs, we would be wise to remember the disastrous consequences that poorly regulated GSEs can have on our financial markets."