GARY G. MILLER: “Business practices have been adjusted, and each market participant can adapt to a more responsible system that avoids…”

While a hybrid public-private model for Freddie and Fannie was fundamentally flawed, our focus should be a viable secondary mortgage market with sound underwriting principles.

The rules being proposed are bank-centric and do not take into account the fundamental differences between how banks and insurance companies operate.

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

I applaud you all for your effort. It is working. You are talking about it today. You started the testimony today about how the numbers are decreasing.