Johnny Isakson actually said...

"We cannot wait any longer. The Helping Responsible Homeowners Act will be good for borrowers, good for Fannie Mae and Freddie Mac, and good for the economy."

"It was to create stability where stability does not exist."

"I think it is the right minimum number. I don't think any lower downpayment would be--I wouldn't--given the experiences we have seen and the history I had in the industry."

"The QRM rule is a well-intended rule that has devastating consequences."