It would be fair I would think to do this statutorily to say--not just for you but for the next HUD Secretary, the next Congress to say, if those capital levels go down, then we will automatically trigger some of the things that you have already instituted.
Capuano suggests legislative measures to maintain capital levels and prevent defaults.
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Let me point out, since Dodd-Frank, 17 million jobs have been created; 15 million of them under Obama, 2 million under Trump.
If your bosses told you to do something and you didn't do it for 8 years, how long do you think you would be employed?
There will be no more bottom lines on whether it was worth the money to not do PTC and possibly risk lives or property.
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