GARY G. MILLER: “You have taken the first law of nature or self-preservation, and you are using it, as I think God intended us to, to…”

NAFCU believes that any relief efforts should not bifurcate the industry by asset size and would not support such an approach.

That is a tremendous concern from the insurance industry today, that they are getting into an area the Feds were never authorized to get into.

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.

I have always had a problem with the way they were fundamentally flawed. You had a hybrid situation where the private sector made all the profits, and the taxpayers took all the risk, which was problematic from the beginning.