Barney Frank: “But it was a profit for the American Treasury?”

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

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.

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