I am pleased to yield 2 minutes to the gentleman from Missouri (Mr. Luetkemeyer), the leading voice in Congress on trying to bring rationality to the SIFI designation and accountability to the Financial Stability Oversight Council, the chairman of the Subcommittee on Financial Institutions and Consumer Credit.
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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…
But it is this Committee's responsibility to conduct oversight over FHFA and that includes your conduct as well.
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.
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