David Scott actually said...

Yes, we have to make some moves. It is not as healthy as it should be to have 90 percent of the market with government-backed agencies.

There is a reason why we have the GSEs. We have to make sure that the private market is capable and willing to fill the void.

There are reasons why we have Dodd-Frank; and there are reasons why we have responded.

This is, indeed, an important, important hearing.