On the recordMarch 30, 2011
Today, we begin the process of considering specific legislation that will take immediate steps to protect taxpayers from the ongoing multi-billion dollar bailout of Fannie Mae and Freddie Mac.
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congress.govToday, we begin the process of considering specific legislation that will take immediate steps to protect taxpayers from the ongoing multi-billion dollar bailout of Fannie Mae and Freddie Mac.
Hensarling emphasizes the need for legislation to protect taxpayers from bailouts.
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Thank you, Ms. Grimes, for your testimony. We know it is not always easy to be in this chair and discuss these types of charges.
But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.
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.
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.