"There is also no question that many home buyers were willing parties to contracts that stretched them far beyond their financial means."
"There is no question that many home buyers were sold inappropriate mortgages over the past several years."
"I hope we will not rush to consolidate all the bank regulatory systems. But I do believe that we need to go down that road and we need to do it right."
"The Fed is the central bank, supposed to be the lender of last resort. Now it has become the lender of first resort, it seems to me."
"the one-time injection of funding would actually be counterproductive."
"Certainly there are few federal programs that are perfect."
"What we need is to let science be regarded as important at the elementary level."
"It is my understanding that under NASA's implementation of full cost accounting, scientists working as NASA's civil servants are increasingly being asked to seek funding to cover the full costs of the..."
"But, of course, with the stimulus package to a large extent it is a one-shot thing."
"no child's education can be fully maximized without significant involvement from the parents."
"We know that."
"You know what I am asking, don't you?"
"Mr. Secretary, will those financial institutions that have already agreed to implement foreclosure mitigation plans be eligible for subsidies under your new plan, the President's plan?"
"Along these lines, it is my understanding of the legal--you have got a first mortgage, then you have got a second mortgage."
"I just want to tell the Secretary again we welcome him here. We look forward to working with you."
"It has to be done right, though. You will have some lawsuits."
"Mr. Chairman, if I could ask one more question on lender payments."
"Unfortunately, I believe the proposal is long on good intentions and short on providing a credible solution for our ailing housing market."
