want to let kevin kosar respond. how long have you been a postal worker before you go? >> you've had a lot of time to reflect on your testimony. so you are now recognized to deliver that testimony. >> thank you, mr. chairman. and thanks to all of the members of the committee. the discussion draft of the bipartisan housing finance reform act develops thoughtful approaches to central issues in the reform of american housing finance. i remind us that this housing finance system

kevin kosar?ere is $55 billion -- maybe closer to $50 billion in the retirement health benefit fund. they were required to put that aside and it was a cash infusion congress made toward that fund. that money is supposed to be there and drawn upon each year by the postal service to fund retirees' health benefits. the cost is about twice as much as that 50 some billion dollars, which means there is a big chunk of change that is needed in order to cover those costs. host: is the white house and congress on the same page with these reforms? is this something that has to be passed by congress or something the white house can do on its own? guest: the white house has put together a plan that requires congressional action. there would have to be a major postal reform law passed. discussion document and certainly, there will be a lot of things in it that congress will object to. host: what do you think some of those things are? guest: it suggests we should not mail anymore.k a lot of folks in rural areas

want to let kevin kosar respond. how long have you been a postal worker before you go? >> you've had a lot of time to reflect on your testimony. so you are now recognized to deliver that testimony. >> thank you, mr. chairman. and thanks to all of the members of the committee. the discussion draft of the bipartisan housing finance reform act develops thoughtful approaches to central issues in the reform of american housing finance. i remind us that this housing finance system collapsed -- [ technical difficulties ] concentrated montgomery credit risk on the banks of the potomac in fanni and freddy. this is a major blunder, but the concentration continues. principle objection is to mo mortgage risk to the capital and put more private capital in front of the government's mortgage risk guarantee. i am no fan of having the government guarantee the mortgage market but putting skeptical and professional and nonpolitical capital in front of the government's guarantee would be progress. in my view we should be headed for a system which is 80% private and only 20% government. the