Barney Frank: “I think it is time to get rid of Fannie Mae and Freddie Mac.”

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.

No one doubts that if a change in administration comes and the new President disagrees with the existing Director, he or she can be removed.

One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'

I hope that the committee will.