Melvin Watt: “I believe the Dodd-Frank bill reflects the goals of both competition policy and stabilizing our financial institutions.”

This is definitely the last time I will be addressing this House. As my colleague, David Price, has indicated, I have been confirmed to a new position as regulator and director of the Federal Housing Finance Agency. I just wanted to take a…

For the record, I neglected to indicate in my comments that our colleague, the chair of the subcommittee, announced last week during the period that we were out on the Veterans Day district work period that he was not planning to run for…

What we learned, first and foremost, is that having one foot in the public sector and one foot in the private sector does not work because when you have a foot in the public sector, taxpayers take the risk, and a foot in the private…

There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.