On the recordOctober 28, 2013
How many times do we have to be burned before we learn that government guarantees don't make markets safer; they make them more dangerous?
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congress.govHow many times do we have to be burned before we learn that government guarantees don't make markets safer; they make them more dangerous?
Questioning the effectiveness of government guarantees in housing markets.
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How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
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…
reduce taxpayers' risk, codify into law an explicit government guarantee, and increase market competition.
May I inquire how much time I have remaining. The Acting CHAIR (Mr. Paulsen). The gentleman from Texas has 4 minutes remaining.