By inserting political considerations into the market, the Bank's activities do expose taxpayers to risks, while producing a less efficient economy than would otherwise occur in a free market without the Bank's interference.
Hensarling argues that the Bank's political involvement harms economic efficiency and taxpayer safety.
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But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.
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.
If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
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