07/25/2011
https://www.congress.gov...
"We certainly believe that we need to keep FHA in a position where our new books of business are producing substantial revenue for the taxpayer."
"I appreciate your remarks. I have been on this Committee 26 years, ending it, but I am not ending being on."
"I think this is a worthy goal as strong capital requirements are essential for a safe and sound banking system and also to protect against taxpayer-funded bailouts."
"The poor record of Basel I, II, and II.5 is that of a system fundamentally flawed. Basel III is a continuation of these efforts, but with more complexity."