I believe that if the reforms Congress passed in 2010 had been in place 3 years before, or 5 years before, then our crisis would have been much less severe and we would have been in a much better position to manage the effects of the crisis and contain the damage on the American economy.
Hensarling discusses the impact of 2010 financial reforms on the economic crisis.
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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.
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.
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…
Congress needs to do its job. You need to write legislation with more specificity.
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