Transcript: Statements by Rep. Al Green (D-Texas) on government conservatorship of Fannie Mae & Freddie Mac

Edited by Jenny Jiang

Partial transcript of remarks by Rep. Al Green (D-Texas) on the government conservatorship of Fannie Mae and Freddie Mac. The House Committee on Financial Services Hearing was held on March 19, 2013:

There is a role for the private sector. There’s also a role for the public sector.

I’ve talked to the builders. They believe that there’s a role for the public sector.

I’ve talked to the realtors. They believe there’s a role for the public sector.

I’ve talked to the bankers. They believe there’s a role for the public sector.

And my constituents who want 30-year loans understands that there’s a role for the public sector.

The question is not really whether there’s a role but whether we will take the time to fashion and craft a meaningful piece of legislation without anybody’s recommendation so that we may have the role codified into the law.

I do regret that we have not codified this into the law but I don’t blame the administration. There are 435 members of Congress. Any one of us can craft our own legislation.

I believe that those who have said we should do it when we were in charge hope to do it now that they’re in charge.

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