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[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, th ....
[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. Aft ....
Id ask each of the witnesses for the second panel to please take your seats. I apologize for that delay. We went through the three votes we had. We will now begin the second panel of five witnesses. Each witness will have a fiveminute Opening Statement followed by rounds of questions. Our first witness is Mister Dennis prager. Dennis prager is a bestselling author, columnist, nationally syndicated radio talk show host and also the cofounder of Prager University, an institution of Higher Learning on the internet which produces fiveminute videos in which experts distill complex topics in political science, history, philosophy, economics and psychology. Mister prager was appointed by Ronald Reagan to the us d ....
On watching the harks i am. In downtown. So youre ready for this july 4th im not going anywhere near military tanks on the ball potentially i would rather go to the mall that the oscars are held in. And get an Orange Julius on oscar night than go to the mall and deal with this now absolutely not this is i mean theres nothing new about the idea of sort of having these you know. Military like parade like i get it i get the over the july i think its strange that it came so quickly like this why wouldnt you do that the 1st year why when you flew to america your 1st year not as why did you wait until youre getting reelected but i think whats interesting is peoples outrage about that i mean for me on my you know whatever but the thing about it and i feel because the idea that this is somehow like new with trump i think is interesting and my favorite former pentagon and state Depar ....
Giving a speech to all of us huddled masses democratic majority leader in the house of representatives stony hoyer and other democrats are naturally calling foul in a letter to the administration they wrote that the events will give an appearance somebody televise the partisan Campaign Rally on the ball at public expense frankly thats not what july 4th is about so it is present trouble tries in our holidays to ramp up national jingoism in an effort to boost his Reelection Campaign lets find some answers start watching the hawks. It looks like. Its like. What they like you know what i got. Was that we. Think. Its a. Welcome one watching the. Downtown. So youre ready for this july 4th im not going anywhere near military tanks on the ball potentially i would rather go to the mall that the oscars are held and. And get an Ora ....