I agree with Secretary Geithner that housing finance reform is overdue and should be promptly addressed.
Because we are thinking about the taxpayers right now.
I think that market should be supported by the private sector. It is $720,000--you are talking about a $900,000 house. I do not believe that...
I hope not.
Guarantees are perilous. Governments are not very good at doing them, not very good at designing them, not very good at pricing them, not ve...
I just believe that if we come push to shove, that it is going to be very difficult for the Government not to step in and save the system.
I will say it again. In order for this Committee to reform Fannie and Freddie, I believe that we must understand here why those institutions...
I think it would be very difficult to price risk.
So you are not advocating here that you want a Government guarantee for everything in the real estate industry bills, are you?
How do we bring back an appetite in the private market for mortgage-backed securities?
It would be a lot less risk to the taxpayer, too, wouldn't it?