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Providing For Consideration of H.R. 5072, FHA Reform Act of 2010

Floor Speech

Location: Washington, DC


Mr. ROSKAM. I thank the gentleman for yielding.

Mr. Speaker, you know, I came here to the floor a couple of minutes ago, and I thought, ``Surely, I am not going to hear and see the tired, old, symbolic show pony of George W. Bush and his administration being trotted out in this Chamber once again,'' but I wasn't disappointed.

It just amazes me, Mr. Speaker, at the lack of creativity and forward-thinking and problem-solving that we see animated on the other side of the aisle, that all they can do is look in this rear-view mirror and wring their hands and moan and grown and say, ``Well, it's George W. Bush's fault.'' I think the American public is just tired of that. I think the American public isn't persuaded by it.

I offered an amendment very straightforwardly last night--it was offered by Mr. Sessions of Texas in the Rules Committee--that would have said a very simple thing. It would have said, if you are running Fannie and Freddie, if you are an employee of Fannie and Freddie, new rules. And the new rule is you are not going to make any more than we pay the chairman of the Joint Chiefs of Staff.

Not particularly controversial, not particularly groundbreaking, but it makes a lot of sense. I mean, if the majority has now found this robust desire to truncate compensation, why in the world wouldn't we focus in on this area that we tend to agree with?

And, frankly, the argument that these entities are no longer losing money, I think, is not persuading the citizens of the Sixth District.

I see the chairman wants to be recognized, and I would be happy to yield to the gentleman from Massachusetts. I only have 3 minutes.


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