Luis Gutiérrez

I believe that kind of settlement is important because it sends a message that just because you have an FHA-insured loan, it doesn't mean you are going to get the money.

Are you still committed to carrying that and having that as a powerful tool when we deal with the mortgage servicers?

Most of the loans that are hurting the FHA were made during the Bush Administration.

I share your and the Administration's opposition to any increase in FHA loan limits.

The fundamental problem is that we are still in the grips of a foreclosure crisis that is hurting American homeowners.

I share the concerns expressed in a November 7th GAO report that FHA has yet to implement a comprehensive risk assessment strategy.

I just want to quickly say that a few years ago, I was lucky to have then-Chairman Barney Frank come to Minneapolis.

I believe you, and I don't question your authenticity and that you are coming to tell us exactly that those are your goals.

I don't see the same number of tenants or the same number of housing units that it replaced.

I welcome the support of the Administration's work on advancing and refining these ideas.

I would like to applaud Secretary Donovan, Assistant Secretary Henriquez, and the Administration on their commitment to this issue.

This is exactly the wrong time to turn away from affordable housing programs that support low-income families.

Thank you, Madam Chairwoman.

I understand how hard it can be for our Nation's public housing agencies to meet the demand for safe, affordable housing.

I am sorry. It is like this doesn't pass any remote test.

Okay. Good. We finally got to the HUD funds, and why you are here.

But 'mismanage'--did you pay off your car debt? Did you pay off a car debt with those 'mismanaged' funds?

Is that your purpose here, to tell us how you stole the HUD funds?

Thank you very much, Mr. Green.

I ask for a recorded vote.

I would like to ask her about the other elected officials.

She lied. She has lied. She is a convicted felon, so she lied already.

I would like to go into executive session, because I would like to ask this witness questions...

Let me first of all, Ms. Smith, so you defrauded the HOME Program and embezzled the HOME Program between 2000 and 2005. Is that correct?

Let me ask you something: Have they sent you the money back now that they know you are a convicted felon and a fraud...