Have not had the direct testimony of those affected by it and those who represent some who are affected by it. And so thats what this hearing was before. The fact that some senators have left, dont let that bother you. Markups are unusual. And thats why they had to come because theyre all 13, and they had to go do something else, but youre the point of all this. I want that to be very, very clear to you. So as i said, very glad to welcome four witnesses who will help us understand firsthand the consequences of the instances and what they had to go through. Yoig this is not an easy subject to talk about, let that be said, okay, so that its painful. And however you reflect that pain, the committee understands it. Welcomes it, joins you in, you know, the difficulty of coming up here and testifying before a senate committee. Although its really not that difficult after all. The cruise industry, im happy to say, is not happy that im holding this hearing. Theyre very unhappy. Those companies
Looked at and chosen that not to offer at this time until we figure out the risk. Were a little behind the curve on some of the new technologies. Thats the impact of the risks that we try to face each day. I want to get back to a few more questions with you. I want to just remind this committee where this all started from. I want to go back to september 25th, 2003. A hearing here at Financial Services committee hearing. Chairman frank, you said on the record, i do not want fannie and freddie to be Just Another Bank. If they do not more than Just Another Bank sorry. If they were not going to do more than another bank would be because they have so many advantages then we do not need them. And so therefore, i do not think, i do not want the same kind of focus on safety that we have at occ and ots. I want to roll the dice a little bit more on the situation toward subsidized housing. In the gsc act congress initially specified Affordable Housing goals of 30 of mortgage purposes. That goal i
A new report on terrorism threats, and the department of homeland security. House Budget Committee chairman paul ryan at the Enterprise Institute today. It would consolidate poverty programs and give states flexibility in how those funds are spent. After congressman ryans remarks, policy analysts discussed his proposal. This is an hour. Good morning, ladies and gentlemen. Im going to ask you to take your seats. But theres standing room only. Im delighted to see that. Im arthur brooks. Im honored to welcome you today, and to welcome the chairman of the house Budget Committee, congressman paul ryan here to aei. Congressman ryan has spoken here many times. Hes a friend of aeis, and were delighted to see his continuing willingness to tackle the important and difficult issues that many others are not willing to confront. Today hes here to talk about an issue thats near and dear to my heart. And those of my colleagues here at aei, expanding opportunity in america. Hes particularly focused on