With $150 billion in taxpayer funds already spent propping up Fannie Mae and Freddie Mac, and hundreds of billions more a possibility, it is clear that this will be the most expensive Federal bailout in response to the financial crisis.
Hurt discusses the financial burden of government bailouts for Fannie Mae and Freddie Mac.
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This committee has heard time and time again about the unintended consequences and negative impacts on the economy of Dodd-Frank and the Basel III capital requirements.
I think if you looked at the trend over the last 3 decades, you see that it has been brutal for community banks.
I think you--I hope you would agree that despite these efforts, community banks have been disproportionately affected.
If Washington persists in imposing a one-size-fits-all approach, these capital markets and those who depend on them will be adversely affected.
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