I don't believe it is possible in the American system of Government, nor do I think it should be possible in the American system of Government for people to say the Congress doesn't have a right even to make the mistakes that it makes.

I believe that expanding the Fed's powers in this manner could be very dangerous.

It would put a lot of power in bureaucrats, would it not?

If market participants believe that they no longer have to closely monitor risks presented by financial institutions, the stage will be set for our next economic crisis.

I think it is a long way from being and coming into existence. I hope.

I believe she is highly qualified, and I would think that the sooner the Senate got through the hearing and confirmed her to the credit union, somebody would be in control over there.

I do not know why you would need it.

Credit unions, as I understand them, are by design set up to serve the needs of their members.

By overcounting here, undercounting there, [census] manipulation could take place for sole political gain.

Secretary Allison, Treasury earlier this year released information stating that the Home Affordability Mortgage Program--I will just call it HAMP--will use $50 billion in TARP funds to modify mortgages.

Unfortunately, this program has only modified a handful of mortgages.

Today, the Committee will examine the state of our housing market and the Federal Government's efforts to prevent foreclosures in the midst of what is now the most severe recession in a generation.