Richard Shelby actually said...

"A lot of our concern--and I think Senator Corker has enunciated this, too, up here--is we do not want the taxpayer to take the hit."

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

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

"Well, that is the basic property law, isn't it?"