Jim Bunning: “I think this will be an educational hearing about several complex topics that have been in the news lately.”

You all have not come up with a solution to solve it.

Are you independent?

Are the Fed and the GSEs going to aggressively pursue pull-back of mortgages to the originators and investment banks to reduce taxpayer losses?

No, no, no. Why is it your decision to report to the SEC and not to the public which you have an obligation to do?