House Financial Services Committee. Tuesday, January 27, 2015 10:00 AM in 345 Cannon HOB Full Committee.
The moment we’ve been waiting for…
Significant opportunity for Director Watt…
We’ll see if anything develops in the scheduled Committee meeting today and what statements come from all parties leading up to Jan 27.
If serious media are paying attention, they will start covering this hearing now.
Notable Jeb quotes:
“Fannie and Freddie have not ‘repaid’ taxpayers one thin dime. Reports to the contrary are pure Washington spin. Legally, they can’t pay back taxpayers because their nearly $200 billion bailout was a draw from the Treasury, not a loan.”
“Diverting assets to housing trust funds instead of repaying taxpayers or stabilizing Fannie and Freddie’s finances only makes matters worse. That will not happen because the Financial Services Committee will call director Watt to testify as soon as the next session of Congress begins in early January.”
I am anticipating a positive outcome from this meeting.