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.
Share & report
More from Jeb Hensarling
I think when decisions like this are made they probably should be made with the Legislative Branch of the Government because the issues are too significant for one human being on the planet.
Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from New Jersey (Mr. MacArthur), who is also the author of the legislation for the reauthorization bill before us. Mr. MacARTHUR. Mr. Speaker, I spent about 30 years in the insurance…
Mr. Speaker, I yield 3 minutes to the gentleman from Wisconsin (Mr. Duffy), the chairman of the Housing and Insurance Subcommittee. He is also the author of the 21st Century Flood Reform Act, which was passed by this body over a year ago…
Mr. Speaker, I yield 2 minutes to the gentleman from California (Mr. Royce), who is the chairman of the House Foreign Affairs Committee and a very senior member of the Financial Services Committee.
Other voices in this conversation
