John Carney actually said...

"If the bill is passed as it is and mortgage rates rise as is? It would hurt home sales, it would hurt housing construction, it would lower house prices."

"It is absolutely critically important that we get it right, that we are careful. Otherwise, as you said, we could ruin the financial system."

"We have to get it right not only because we could screw up the housing finance system, but we could screw up the financial system as well."

"No, I just want to thank Mr. Duffy for working with us--for giving me the opportunity to work with him, I should say, and any advice that you can provide for us, we want to try to get it right. The id..."