Mike Crapo actually said...

"the Government's model, make sure that all voices are heard and everybody has a voice."

"The explicit guarantee will provide certainty to the market, especially for investors who will need to be enticed to invest in the MBS."

"we must ensure that there is adequate private capital taking the first loss at the security level if we are to avoid the future taxpayer losses."

"we must ensure that the taxpayer is standing only behind mortgages that meet strong underwriting standards."