On the recordJanuary 13, 2015
I am now happy to yield 1\1/2\ minutes to the gentleman from Arizona (Mr. Schweikert), a member of the committee.
I am now happy to yield 1\1/2\ minutes to the gentleman from Arizona (Mr. Schweikert), a member of the committee.
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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.
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.
Congress needs to do its job. You need to write legislation with more specificity.