David Schweikert: “All right. So fuzzy math, even though we now require the International Monetary Fund to use fair value accounting, even…”

“All right. So fuzzy math, even though we now require the International Monetary Fund to use fair value accounting, even though many of you, when you voted for the Troubled Asset Relief Program, demanded fair value accounting. We now demand Fannie Mae and Freddie Mac, when they are doing their projections, to use fair value accounting. And a whole bunch of us in this room have voted for that. Let's actually touch on that. Mr. Chairman, forgive me because I am going to try to find the most elegant way to say this. My friend from Tennessee now multiple times has referred to a scorecard. Okay? So how many people are voting for this for donations? Just a theoretical question. I mean, if you are going to impugn, be careful. Many of us have been working on this issue since the day we arrived at this body before it was ever a political issue bouncing up through the blogosphere. This is a problem. Our amendment here, a fair value accounting, has actually been supported by the gentlemen sitting across from me who opposes this. You have all voted. You have all voted to put all of government on fair value accounting. But now all of a sudden, when it is an actual reform to the Ex-Im Bank because we might actually understand the value of risk and what is really going on and actually maybe understand what belongs in the impairment category instead of the charge-off category, we would get some honest information. That is what this amendment will do.…”