Edward Royce actually said...

"What I see, when I talk to owners of small businesses--gas stations, hair salons, small manufacturing, light manufacturing--I very much hear this concern."

"But where we can unleash private capital, we should. And it is in the best interest of the taxpayer and our housing economy to do so."

"So my hope is that our witnesses will outline how the FHA can operate with a clearly defined mission that complements, instead of competes with, private credit enhancements."

"The President's budget, which is going to be released later today, stands as a reminder of the risk posed to the American taxpayer if the financial solvency of the FHA is not addressed."