Now, the fact is the taxpayer, at current accounting, is going to lose about $70 billion on TARP.
So if there is excessive compensation, all taxpayers are subsidizing it.
The question here is not about private sector pay, right?
Whatever we do to resolve the problems at FHA must be done with a mindful eye on how it could affect middle-class homeowners.
We are more worried about embarrassing agencies than we are about the public safety and issues of that nature.
Can you get to a one-page mortgage disclosure and can you simplify the regs that you have put out?
But the important thing is that people have the essential information.
Structural issues remain regarding the CFPB, but I certainly appreciate your willingness to submit to congressional oversight.
Thank you, Mr. Chairman.
Look, Americans know that the tax code is complex. That is obvious to even those that don't pay taxes.
I certainly appreciate it, and I hope that the commissioner hears this, as well, and that you have some compliance on behalf of taxpayers, t...