Edward Royce actually said...

"I do think we have to force the FHA to deal with its fiscal woes."

"Government policies...are going to steer borrowers to the FHA and further crowd out the private market."

"Current policies at the FHA have led to the crowding out of the private market."

"I remember very vividly the Federal Reserve Chairman speaking with me, the warnings that we were given on the inability of the Fed to regulate Fannie and Freddie for systemic risk."