[inaudible conversations] [inaudible conversations] this hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening our housing and finance system. The secretary of the treasury, and the secretary of housing and urban development, both of whom have just submitted Housing Finance reform for fossils to the president , as was the director of the federal Housing Finance agency who serves as the regulator and conservator of fannie mae and freddie mac. I want to thank each of you for coming to the committee this morning. Last friday marked 11 since the government bailed out and put fannie mae and freddie mac into conservatorship, where they remain today. Prior to 2008, the governmentsponsored Enterprises Held a 45 cents in capital for every 100 in mortgages they guaranteed. Now just 19 cents after a historic 200 billiondollar bailout from taxpayers. 11 years later they continue to be too big to fail and are even more leverag
[inaudible conversations] [inaudible conversations] [inaudible conversations] this hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening the housing and finance some. The secretary of the treasury and the secretary of housing and urban development, both of whom have justice at Housing Finance reform proposals to the president as well as the director of the federal Housing Finance agency who serves as the regulator and conservatory of fannie mae and freddie mac. I want to thank each of you for coming to the committee this morning. Last friday marked 11 years since the government bailed out and put fannie mae and freddie mac in the conservatorship, where they remain today. Prior to 2008, the two governmentsponsored enterprises helped 45 cents in capital for every 100 in mortgages they guaranteed. Now, they hold just 19 cents. After a historic 200 billiondollar bailout from the taxpayers. 11 years later, the systemic
Thank you for being here. Pretty remarkable i never thought id stand in front of this many cameras but thank you for being here. I want to thank my fellow ags we have 50 attorney generals from across the nation who are involved in this investigation that we are leading from texas and i cant tell you how much i appreciate their support and interests its been an important issue for our time. What we have all learned is that we are many consumers believe the internet is free certainly we know from googles products that the internet is not free. This is a company that dominates all aspects of advertising on the internet and searching on the internet as they dominate the buyer side, seller side of the auction site and even the video side with youtube. This investigation is not a lawsuit but its investigation to determine the facts and right now were looking at advertising but the facts will lead to where the facts lead. Even as we speak there will be 3. 8 million searches and a lot of adver
[inaudible conversations] [inaudible conversations] [inaudible conversations] this hearing will come to order. Today we are joined by the leading voices within the administration on reforming and strengthening the housing and finance some. The secretary of the treasury and the secretary of housing and urban development, both of whom have justice at Housing Finance reform proposals to the president as well as the director of the federal Housing Finance agency who serves as the regulator and conservatory of fannie mae and freddie mac. I want to thank each of you for coming to the committee this morning. Last friday marked 11 years since the government bailed out and put fannie mae and freddie mac in the conservatorship, where they remain today. Prior to 2008, the two governmentsponsored enterprises helped 45 cents in capital for every 100 in mortgages they guaranteed. Now, they hold just 19 cents. After a historic 200 billiondollar bailout from the taxpayers. 11 years later, the systemic
General paxton from texas. Thank you all for being here. I never thought i would be standing in front of this many cameras at the u. S. Supreme court, but thank you for being here. I want to thank my fellow ags. We have 50 attorneys general from across the nation involved in this investigation that we are leading from texas. I cant tell you how much i appreciate their support for an really important issue. What we have all learned is that while many consumers bring the internet is free, we know from googles province that the internet is not free. This is a company that dominates all aspects of advertising on the internet and searching on the internet, as they dominate the buyer side, the seller side, the auction side, and even the video side with you two. With youtube. This is mastication is not a lawsuit, it is to determine the facts this investigation is not a lawsuit, it is to determine the facts. We are looking at advertising, but the facts will lead where they lead. As we speak, t