None loom larger than the monopoly powers that were granted to Fannie and Freddie, coupled with the so-called housing mission, that essentially mandated they loan money to people to buy homes that ultimately they could not afford to stay in.
Hensarling critiques the monopoly powers of Fannie and Freddie contributing to the recession.
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May I ask how much time I have left? The SPEAKER pro tempore (Mr. Bacon). The gentleman from Texas has 7 minutes remaining.
Tonight it is a privilege that I have to yield to somebody who has become a good friend and an excellent colleague, who has served with me, at my side, at the House Financial Services Committee, who will be leaving us at the end of this…
Congress needs to do its job. You need to write legislation with more specificity.
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