"the fraud evolves with the cycles of the housing market and varies by geographic region."
"the very powerful effect of the announced actions so far in bringing down prices and convincing the speculators that they are on the wrong side of history"
"I really want to commend your efforts in this area."
"Thank you for having this hearing and, again, demonstrating your leadership in the area of combating financial fraud."
"an investigation by the antitrust division or some part of the Department of Justice is certainly appropriate and necessary here"
"These crimes are more than just superficial or passing in their impact. They are enduring because they go to the core of what people trust."
"That is very good news in sending a message, a deterrent message about the severity and seriousness of this Administration in dealing with this kind of crime."
"I am aware, as we all are, of the state attorney general negotiations, but I am not aware of any Department of Justice investigation concerning potential criminal charges."
"And I would request that the task force provide the Committee with a position on that issue."
"you certainly have the authority and, in my view, the responsibility to drive those investigations at the 1-foot level in the Department of Justice"
"In my view, the trends that we have seen lately in the markets cannot be explained solely by supply and demand."