Yesterday the president tweeted that the impeachment effort is holding back the stock market. Do you believe that is true . Yes i do actually. Because i think fundamentally, your network has reported some pretty prominent famous investors, lee cooperman, lloyd blank fine among them, who do not want to see a change in Donald Trumps economic policies. They like the taxcut incentives, they like the rollback of regulations, they like the opening in the Energy Sector and they like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect the American Economy and defend the american workforce, they like those policies and the stock market which is up about 20 , s p, yeartodate, which i would argue is predicting Better Business conditions ahead, the stock market has benefited from these incentive oriented supplyside markets and they dont want to see a change. When you get these votes and so forth. Im not here to talk about the chronology of impea
Housing units. Senator mike crapo of idaho chairs the banking, housing and urban affairs committee. This hearing will come to order. Today, the committee will receive testimony from leaders in the Housing Community on bipartisan opportunities this congress to expand access to Affordable Housing, to improve the safety conditions within current federallyassisted housing, and to consider how we might better target some of our existing Housing Resources to meet unaddressed need. Welcome to our witnesses, and thank you for taking the time to be with us today for this important discussion. Joining us today are ivory mathews, interim executive director of the Housing Authority of columbia, South Carolina; mark yost, president and chief executive officer of the skyline champion corporation; and peggy bailey, Vice President for housing policy at the center on budget and policy priorities. For purposes of todays hearing, we are focused on examining three bipartisan pieces of legislation in parti
They like the tax cut incentives. There like the rollbacks. They like the opening in the Energy Sector and the like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect american the American Economy and defend american workers. They like those policies. The stock market, which is up about 20 s p yeartodate, which i would argue, by the way him and his predicting better conditions ahead. The stock market has benefited ,rom these incentive marketdriven policies and they want to see change paired when to see change paired when you get these votes and so forth. I am not here to talk about the chronology of impeachment. I think the impeachment story in fits and starts has hurt the stock market. I think President Trump is right. I will say this. This is not my lane. I want to say a couple of things about this. Transcript ofat the phone call probably a dozen call probably a dozen times, it just seems so clear to me that there is no problem wi
Engaging china in order to protect american the American Economy and defend the american workforce. They like those policies. The stock market, which is up about 20 year to date, which i would argue, by the way, is predicting Better Business conditions ahead. The stock market has benefited from these incentiveoriented, supplyside, marketdriven policies and they dont want to see change. When you get these votes and so forth and im not here to talk about the chronology of impeachment, but nonetheless, yes, i think the impeachment starts hasts and hurt the stock market. I think President Trump was right. I will say this. It is not my lane, but i want to say a couple things about this. One, having read that transcript of the phone call probably a dozen times, it just seems so clear to me there is no problem with it. There is no legal problem, no impeachable problem, it was a , andatulatory phone call with respect to our concerns about the military assistance to ukraine, those concerns were
[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