I do think I do not want the same kind of focus on safety and soundness that we have in the Office of the Comptroller of the Currency or the Office of Thrift Supervision for the Fannie and Freddie regulator. I want to roll the dice a little bit more on this situation toward subsidized housing.
Frank advocated for a more lenient regulatory approach for Fannie and Freddie regarding housing.
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Critically I made sure that the United States reserve the right to maintain and enforce existing sanctions and even to deploy new sanctions to address those continuing concerns which we fully intend to do when circumstances warrant.
I was one of three Members of the House who voted against that. Three of us, Ron Paul, Dave Wu, and I voted to allow this bigot to continue to demonstrate his bigotry.
I do guard the station. I hope you're not, Representative Mulvaney, equating a tax exemption with a Federal grant.
We should have made it much higher, $125 billion or more, and we should have indexed it.
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