the actions you take in the short run, whether they're unfra structure or education or tax reform or whatever they may be, i hope that they're, you know, considered and wisely chosen. it's also important that we keep in mind the long-term necessity of making fiscal policy sustainab sustainable. you need to think about those two things together, i think. >> thank you very much. >> thank you. the chair at this time recognizes the chair of the subcommittee on financial institutions. miss biggard has done good work on housing, actually. >> thank you, mr. chairman. i would like to return to housing for a moment. today through fha and rhs and fannie and freddie, the federal government and taxpayers back nearly 100%. it's in the 90% right now of residential mortgages. is this healthy for the economy, and what are the barriers to private capital re-entering the mortgage lending and the secondary market for home loans? >> you're correct that government sptd agencies are now pretty much the entire security zax market. they don't make all the mortgage loans, but think securityize and buy most o

forward but at apace, not having -- taking away infrastructure money might hurt the economy, adding unfra structure money would help the well as possibly, is that a fair recapitulation. although there are various alternatives. >> say no more. but this is a yes or no situation for us now. money market funds. we all remember the dark days of the fall of 2008. the panic that ensued when a large money market broke the buck. they instituted some reforms in 2010 to address the problems that led to the run in 2008. however, chairman shapiro have made it clear they believe more should be done, so there are recent reports they have discussed a few options in the newspaper, including a requirement that would lock up a portion of investors' money and proposal to require funds to abandon the stable $1 a share net asset value. the proposals have the potentially to change the nature of the product. some would say it would drive it out of existence. we wouldn't have money market funds. obviously, they play an important role in short-term financing of many different types of businesses. one of the risks