Mike Crapo actually said...

the B-piece of the first loss position buyer is often also the special servicer charged with working out troubled loans, and that raises conflict-of-interest concerns for some of our constituents.

05/17/2011

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More Mike Crapo Quotes

"All agencies and programs should be prepared to sacrifice. All budgets have to be on the table."
"It is imperative that Congress grapple with the need to deal with Fannie Mae and Freddie Mac."
"At a minimum, it seems to me that we ought to acknowledge the taxpayer is on the hook for the debt."
"I would just add that Congress budgets on a 1-year at a time basis."

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