Bob Corker actually said...

I understand that the Treasury is going to be presenting a GSE proposal around January the 1st.

I wonder if you would expand upon that, because I think a lot of us think that during this transition there absolutely is no rulemaking auth...

So let me make sure I understand. So there are some abilities to stand the organization up, but I think what you are stating today is there ...

At present, it is my understanding, as I leave here today, that you do not have that authority until the organization is stood up in July of...