Jeb Hensarling: “I congratulate my dear friend, Mel Watt, on his confirmation as Director of the Federal Housing Finance Agency.”

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

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.

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…

So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…