I now yield 3 minutes to one of our colleagues who has been dealing very directly with the negative consequences of the hurricanes and the damage that has been done, the gentleman from Florida (Mr. Davis).
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Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
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