I think we could all agree that the taxpayer should no longer be on the hook for losses, and that reforms to the housing finance are long overdue.
Jeb Hensarling
The Public Record
Jeb Hensarling is a former Republican member of the United States House of Representatives, representing Texas's 5th congressional district from 2003 to 2019. During his tenure, he served as the chairman of the House Financial Services Committee, where he played a significant role in shaping financial regulation and policy. Hensarling was known for his advocacy of free-market principles and his opposition to the Dodd-Frank Act, which was enacted in response to the 2008 financial crisis.
If you want to bet on conspiracy versus incompetency, incompetency wins every time.
I think it is sad that such an important work is hard to take seriously when it was conducted on such a partisan basis.
You did say in the report you determined government housing policies were not a significant factor in the crisis.
I was hopeful we could move as a Commission to the fundamental causes and understand them. We got side-railed in a partisan, political way.
I do still find it somewhat ironic, somewhat perplexing, and somewhat amusing that we ended up passing the entire Dodd-Frank Act before we even had the conclusions of the Commission in the first place.
I certainly think the establishment of this Commission was an important act.
I think the gentleman makes a good argument. I hope you can find a better way to run a railroad because I think again we are dealing with trillions of dollars.
It is time for us, at three trillion-plus deficits in our Nation's history in a row, to end the taxpayer bailouts.
Those who want to foster a system of continuing government guarantees in the secondary mortgage market certainly bear the burden of persuasion that somehow we can expect a different result.
I believe that Mr. Bernanke has been doing, with the overwhelming support of the other members of the Federal Reserve.
It is very clear that, with regard to the charge that it was going to lead to inflation, they have all been disproven by the facts.
Being accused of currency manipulation by the People's Republic of China is like getting a lecture on family planning from the Octomom.
This is supposed to be a democracy of laws established by the people to govern themselves.
The CBO just issued its current baseline this morning, and they project a $1.48 trillion deficit for Fiscal Year 2011.
The most critical and obvious systemic risk that faces our economy really is our massive national debt
To create jobs, the Administration needs to get serious about finalizing trade agreements, reforming the Tax Code, and fostering regulatory certainty for business.
Sadly for businesses, for the last 2 years Washington leaders set aside the jobs agenda and instead chose the path of uncertainty.
Unfortunately, in the President's announcement he seems to exempt from the ambit of regulatory review both Dodd-Frank and ObamaCare.
The Congressional Budget Office estimates a $1.48 trillion deficit for Fiscal Year 2011 at roughly 10 percent of GDP.
To fund current policy, as you know, is going to require a doubling of the tax burden on future generations.





