Barney Frank: “There are more and less responsible ways to deal with that, but it is a good fact of our system.”

I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.

They shouldn't lose their tax-exempt status but neither should they be able to go for a Federal grant as they would be under this bill.

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.

Barney Frank, the author of the Dodd-Frank bill, in this committee, sitting in that chair, who has testified in this committee that he told us that the $50 billion threshold is arbitrary and that we should look at alternative methods for…