Jeb Hensarling: “Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.”

May I ask how much time I have left? The SPEAKER pro tempore (Mr. Bacon). The gentleman from Texas has 7 minutes remaining.

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.

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…

But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.