Richard Shelby actually said...

Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?

Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer.

The latest actuarial report states that FHA's capital ratio is only 0.24 percent. Mighty low.

Do you think that a 2-percent capital requirement is adequate--because we are a long way from 2 percent--to protect the taxpayers from baili...