This story appeared in Bank Digest.
Rep. Jeb Hensarling (R-Texas), Chairman of the Committee on Financial Services, delivered the keynote address at the Bipartisan Policy Center Housing Commission's Regional Forum at the George W. Bush Presidential Center on Aug. 13, 2013. "From my work on the Congressional Oversight Panel for TARP, it became clear to me that the great tragedy of the financial crisis was not that Washington failed to prevent the crisis, but instead that Washington helped lead us into it. And we were led into it based upon a single good intention--namely, that every American family should own a home," said Hensarling. He continued saying, "the [Protecting American Taxpayers and Homeowner] Act is sustainable--sustainable for homeowners so they buy homes they can actually afford to keep; sustainable for taxpayers so they never have to bail out our housing finance system again; and sustainable for our economy so we avoid the seemingly never ending boom-bust cycles of our housing market. Perhaps in Washington that's ideological. In the Fifth Congressional District of Texas, that's common sense."