On the recordMay 16, 2012
I think it is deeply regrettable that fiscal constraints drive some of this, and when people are critical of the agencies they ought to factor in what is inadequate funding on the part of the Congress.
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congress.gov“I think it is deeply regrettable that fiscal constraints drive some of this, and when people are critical of the agencies they ought to factor in what is inadequate funding on the part of the Congress.”
Frank highlights the impact of budget constraints on agency performance.
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I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
I want to respond to Ms. Waggoner who reads the bill--yes, you read the bill; you don't read every other line.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
We are talking about dismantling the one and only consumer protection agency that we created.
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