Jeb Hensarling actually said...

reduce taxpayers' risk, codify into law an explicit government guarantee, and increase market competition.

Fannie Mae and Freddie Mac were more than mere bystanders in the 2008 financial crisis. They were in fact at the epicenter of that crisis.

Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.

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 ...