I know some Members here will not remember it, but there used to be something called a conference committee, and if we sent the Senate a bill and they did not like it, they could amend it and send it back. We do not have to do the bidding of the Senate by taking the tough issue off the table for them.
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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.
Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
We should have made it much higher, $125 billion or more, and we should have indexed it.
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