"The policies we choose to adopt during this process will determine not only the sustainability of a robust housing market, but also the future economic opportunities for millions of American families and individuals."
"A reformed housing finance system can help consumers achieve their dream of home ownership, but this must be done responsibly."
"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 ..."
"I think Senator Schumer's comment about the blind man walking toward the cliff is even more appropriate with regard to the debt crisis."
"the real threat of default that the United States is facing is the debt crisis that we are facing."
"Reforming our housing system is urgently needed and is a top priority for this Committee."
"We must act now to reform the Government-sponsored enterprises and the larger housing market."
"I welcome each of our witnesses today to this important hearing on the Federal Terrorism Risk Insurance Act."
"There seems to be more traction toward moving forward with housing reform than there has been at any point during the 5-year conservatorships of Fannie Mae and Freddie Mac."
"Given this circumstance, we must use this opportunity to concentrate on building consensus around ending the conservatorships while building a stable secondary market that brings back private capital ..."
"We need to get into them, and we need to get them resolved in some good ways."