Unless we are in it together and in common cause together, and agree on the goals and the methods to achieve those goals, then I don't know that as a fiduciary to the U.S. taxpayer...
Their failure to allow principal reductions to happen, I believe, is ultimately costing the American taxpayers money.
And thank you for coming before the Committee.
So as such, you know that you are taking another level of risk, right?
the borrower and investor are fairly well aligned there.
Well, thank you very much, and you are so effective. You had 5 seconds left.
Good. Let me thank you for your work and your testimony.
All politics is local.
Thank you for inviting me to testify today.
I do not think it ultimately ends up being that simple, because the one thing for certain, having been a banker for most of my career, is if...
The fact that Fannie and Freddie have stood in the way of principal reductions, there is no need to allow that to continue.