GARY G. MILLER: “We cannot continue to take from the government and think we are creating jobs. No. We are hiring government employees.”

There is no question that robust capital standards, when properly applied, will help protect our economy.

If you look at the design of FHA, they were intended to play a countercyclical role, and in this downturn, that is exactly what they did as the private market withdrew, they moved in.

While I strongly believe in coordination among international regulators, we must resist the tendency of pursuing a one-size-fits-all approach.

But the idea behind an Inspector General, which I have come to admire, is that there is an independent watchdog within agencies...