it would be irresponsible to ignore the concerns about the CLASS program's long-term sustainability in its current form.
In this austere economic environment, Congress is struggling with difficult budget decisions.
But it has not come yet, has it?
I think we are interested in providing opportunities for home ownership. It will not be for everybody.
Federal housing policies must be adequately assessed, and proper homework must be done before action is taken.
So they learned something, didn't they?
Before we discuss solutions, I think on this Committee we should first clearly identify the problems we are trying to solve.
I mean, you know, if you are getting a big loan, say $700,000 or $650,000, that is a pretty good size loan for the average American, whether...
In order for this Committee to reform Fannie Mae and Freddie Mac, it must first understand why those institutions failed.
I thought for a long time, before it was all abuse and misused, that securitization was good for America.
We think we could do a lot better this time around.