FHA is likely a disaster in the making. If we are not careful, it may become Fannie Mae and Freddie Mac, the sequel.
Editor's note · Context
Hensarling warns of potential failures in the FHA similar to past financial crises.
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Mr. Speaker, I yield 2 minutes to the gentleman from Arkansas (Mr. Hill), the Financial Services Committee majority whip.
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…
Frankly, Congress hasn't spoken on issues like this since 1930. We have just been frozen out of the process on an issue that can impact the entire world.
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.





