Could you also comment on the compensation of your 10-person board of directors?

I want to understand FINRA. I understand that FINRA maintains a large investment portfolio.

Thank you very much, Madam Chairwoman. We have returned to work, and you got right on it with one of the most important issues of our time, what is going to happen in this housing market.

Students attending these institutions are already being exploited.

I do believe that this potential scandal is going to be bigger than the subprime housing meltdown scandal.

I am open to perhaps restructuring how we support affordable housing in a future housing finance system.

I think that it was said by one of you that this should not be a partisan issue, that this should be a bipartisan issue.

I am committed to working with my colleagues on a practical, comprehensive reform proposal to reshape our housing finance system.

If we move too precipitously, we run the risk of destabilizing our economy.

Those measures must both encourage the return of private capital to the market, while also ensuring that we do not disrupt our housing finance system.

I know that there are those who believe that somehow there were too many people who could not afford mortgages who were extended mortgage opportunities.