I think the Administration did the best they could to save a critical U.S. industry in the midst of an historic financial crisis.
Scott Garrett
The Public Record
As we approach this significant deadline, we recognize that it has been done with a cost, the ongoing balance upwards of $180 billion.
There is no better effort or job that can be done by this committee than for both sides of the aisle to get together again and ensure that the SEC is not hampered in doing its job.
It does require at least some degree of scrutiny, especially what we are looking at now with Title VII.
I think, hopefully, one thing we might be able to agree on is that the Dodd-Frank Act is not totally perfect in every aspect.
Thankfully, the CFTC and the SEC, as well as many of my colleagues on both sides of the aisle, do recognize that a repeal of the indemnification provisions in Title VII is required.
I have heard that record before, and I really wonder why we should believe that and why we should not anticipate that in a few months from now, this spring, you will be coming to Mr. Lynch and me and the rest of us saying you need to be…
We should not abandon the system that has, for decades, made the American dream of homeownership a reality for millions of middle-class Americans.





