I would also say to Mr. Borst and Ms. Bertsch, again, you may be right, but we recently, as a Member of Congress, heard from CIT that if they did not receive taxpayer funds that they would have to go into liquidation.
Hensarling questions the reliance on taxpayer funds for companies.
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Mr. Speaker, I yield 2 minutes to the gentleman from Michigan (Mr. Huizenga), who is the chairman of our Capital Markets, Securities, and Investments Subcommittee.
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.
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.
Mr. Speaker, I yield 1 minute to the gentleman from North Carolina (Mr. Budd), the lead sponsor of one of the provisions in the bill, H.R. 3903, the Encouraging Public Offerings Act.
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