10/12/2011
https://www.congress.gov...
"Opening statements, comments, or prepared statements of: Senator Shelby."
"I do not believe there is any dispute that our housing finance system is broken."
"But Secretary Geithner basically says that any Federal guarantee should be priced according to the risk, without any political considerations."
"the mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that would result if house prices declined by, say, 25 percent.""