10/07/2009
https://www.congress.gov...
"I will say it again. In order for this Committee to reform Fannie and Freddie, I believe that we must understand here why those institutions failed so that we do not repeat our past mistakes."
"I thought for a long time, before it was all abuse and misused, that securitization was good for America."
"Because we are thinking about the taxpayers right now."
"I think that market should be supported by the private sector. It is $720,000--you are talking about a $900,000 house. I do not believe that is a house that should be subsidized by taxpayers."