So you agree then, that HUD has been--and, again, you are relatively new on the job. We have been here before.
Again, with all due respect, Mr. Secretary, we have heard that before.
If a private company operated the way FHA operates, it would be shut down.
You agree, I assume, that the Housing Act, 12 U.S.C. 1711, says that you shall--shall--keep a 2 percent capital reserve.
You agree that currently--because in your testimony I think you say, even with the one-off items of the settlement, the taxpayer bailout, yo...
Whenever we can, we follow the law.
We work to make sure that the agencies under our jurisdiction treat the taxpayers' dollars with respect.
I believe that the Congress must always lead by example in matters of budgeting, especially in times of historically high debt.
What the Majority is interested in, is having the Obama Administration actually obey the law.
if it is not working, it is time to do something different.
Who at HUD is going to take responsibility, who at the FHA is going to take responsibility and comply with the law?