Mike Crapo actually said...

"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 cannot afford to get the details wrong."

"If we are going to consider options for reforming the housing finance system that include a taxpayer guarantee, we must ensure that the taxpayer is only guaranteeing mortgages that meet strong, basic ..."

"Home ownership is central to our Nation's economy, offering financial and social benefits for families, communities, and the country as a whole."