That story as also is included miss lerners failure to willingly testify before this committee. Im going to put all that aside for a second. Miss oconnor, youre white house counsel. Im a lawyer, youre a lawyer. I want to step away from the irs problem and investigation for a minute and just have a comparative discussion because i think in the responses there may be some misunderstanding with respect to the independent the treasury Inspector General for Tax Administration and id like to talk to you a minute about their powers. Not with the irs, but just in general. Id like to compare the powers of the treasury Inspector General for Tax Administration with the fbi because one of the things we heard from the commissioner yesterday is, were going to do the Inspector General is going to do an investigation, and that is probably a good thing. There are many who dont believe its enough, but you and i having a discussion on a comparative just of authority and powers perhaps can let other peopl
11 10, but i apologize for this, but if you could abbreviate your questions. Senator toomey. Thank you, mr. Chairman. I will try to abbreviate my question. Good to see you both, and i appreciate the discussion we had in my office,s mayor castro. I do need to follow up on one of the topics we discussed. Many members of this committee alluded to the ongoing work to reform Housing Finance. While we have a range of opinions about how best to do that, i believe there is a unanimous agreement on this committee that however we do it, its got to involved bringing private capital into financing residential mortgages. At the same time we are having this discussion, as you know, there is a movement under way to attempt by certain communities, to attempt to use Eminent Domain as an argument to justify confiscating mortgages from private lenders at a discount some, who knows what discount to what theyre actually worth. First of all, i think its a blatant violation of contract sanctity if they do th
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