Edward Royce actually said...

"I will just tell you what I have heard. And that is the stories about the jobs created or maintained in California through the access to credit unions."

"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."