[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
[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
[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 systemically Important Companies c
Good afternoon. Good afternoon and welcome to the American Enterprise institute. I am a resident scholar and Financial Service organizer of todays event. This afternoon im pleased to host matthew to discuss his new biography one of the most influential politicians of his time in an architect of key legislation that shaped the American Financial system. Carter glass was born in 1858 in lynchburg virginia and grew up in the reconstruction south. The philosophy on the role of government was shaped by it the views of Thomas Jefferson a fellow virgin and born just 70 miles north of the virgin upon. From 1903 until the early 1940s, carter glass played a key role in every important financial legislative debate. His colleagues in the house and later in the senate, both the democrat and therefore can recognized glass is to go to expert when it cam comes to bang issues. Carter glass was a politician meaning he was an expert when it came to reading the political tea leaves and crafting compromise
This afternoon im pleased to host matthew to discuss his new biography one of the most influential politicians of his time in an architect of key legislation that shaped the American Financial system. Carter glass was born in 1858 in lynchburg virginia and grew up in the reconstruction south. The philosophy on the role of government was shaped by it the views of Thomas Jefferson a fellow virgin and born just 70 miles north of the virgin upon. From 1903 until the early 1940s, carter glass played a key role in every important financial legislative debate. His colleagues in the house and later in the senate, both the democrat and therefore can recognized glass is to go to expert when it cam comes to bang issues. Carter glass was a politician meaning he was an expert when it came to reading the political tea leaves and crafting compromises that could be passed into law. Never an ideologue is willing to empower the federal government is in his judgment, circumstances warranted. While not a