Maxine Waters

If we are to be honest, it should be more properly entitled, 'Examples of Other Housing Finance Models with Other Forms of Government Guarantees.'

I think it is disingenuous to suggest that foreign nations do not make significant government investments in housing.

I am focused on pursuing reform proposals that preserve the beloved 30-year fixed-rate mortgage here in the United States.

If there was no profit, if they were not able to launder this money, perhaps we wouldn't have drugs on the street.

I have worked on something called mandatory minimum sentencing for the last 20 years.

This year marks the 40th anniversary of the war on drugs, a critical time to shine a spotlight on 40 years of failed policy.

You tell me that they are more guilty than the presidents of banks who have the responsibility for running that bank don't know that drug money is going through those banks?

Something needs to be done.

But you have not sent anybody to jail.

Why don't they go to jail?

I now yield 2 minutes to the gentlelady from Wisconsin, Representative Gwen Moore.

At this time, I would yield 2 minutes to the gentlelady from New York (Mrs. Maloney).

I conveyed many of these concerns in a letter I sent to Chairman Hensarling on April 23rd requesting that he reconsider his position.

Congress must stop funding this abuse of power. Our Federal tax dollars shouldn't be used to take away our homes and businesses so that developers can build shopping malls and high-priced condominiums.

I want to thank Representative Waters and Sensenbrenner for their sponsorship of the Private Property Rights Protection Act and for their support of property owners and tenants nationwide.

But Congress has so far refused to join the rest of the Nation in Kelo backlash and continues to fund eminent domain abuse.

I think there is consensus that the over-the-counter derivatives market proved to be a tremendous source of systemic risk during the last crisis.

This is a very important hearing and I look forward to hearing more from our witnesses about today's bills before the committee.

I would like to get a little clarification discussion from Mr. Thomas about the requirement that FHA has sufficient reserves to pay predicted claims over 30-year period.

I am going to come back and talk to you again about the possibility of a review of this that would help to rearrange our reserve requirements.

I think it is time to take a look at this.

I recently introduced, along with the ranking member of this subcommittee, Michael Capuano, bipartisan FHA solvency legislation that passed this committee unanimously last year.

I think you agree that the Congress should be convening hearings on specific GSE reform proposals.

I have been urging my colleagues to begin the work of reforming the GSEs because without action from this committee, Acting Director DeMarco will have to continue to take it upon himself to do the work of reshaping Fannie Mae and Freddie…

I am concerned that Mr. DeMarco has used his wide latitude in regulating Fannie Mae and Freddie Mac to make a number of controversial decisions during his tenure.