04/02/2014
https://www.congress.gov...
"Where was the SEC here? Did they know what was going on? And if not, why not?"
"Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer."
"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."