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?

Thank you very much, Mr. Green.

I ask for a recorded vote.

I am listening to the chairman what the purpose of the hearing is, and then I am reading the testimony.

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

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

I believe the way this hearing is being conducted makes clear that the purpose today is to score political points and generate exciting headlines.

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

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

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

I am sure that makes everybody in America feel so warm and fuzzy about the Congress of the United States and what we are doing, because the prudential regulator is being defended here in this fine committee hearing.

Why didn't we ask any of them to come and testify before us?

Let us just not look at it from one perspective of revenue, but let us look at the potential of additional revenue not only in the banking industry but to other individuals as it pertains to those undocumenteds who are here and needing…

How high do we expect to set the bar in order for an insurance company to be considered risky so that we can have additional oversight to keep it from bringing down our entire economy?

I guess a slum landlord would say the same thing about regulatory issues when it comes to certain standards that you have to give housing.

I think everybody should be served, just to make that point.

Some of my Republican colleagues have characterized the FIO as a regulatory threat and have attacked it just like they have attacked the Consumer Financial Protection Bureau.

I want to remind my colleagues that we were very careful to define the FIO in such a way that limits any negative impact on the industry.

Let me just suggest to you, since you are not a regulator and you are a monitor, if you monitor AIG, could you call me right away so we can tell the world about the pending disaster in case they come once again to cripple our economic…

We are strong. We want a good, clean community.

So I just wanted to draw on that and to thank you, because it is a hard job.

If Congress increased Pell grants so that people could go to college instead of refuse to increase Pell grants, that might help you take people to self-sufficiency.

If Congress somehow increased Head Start Programs and nutritional Programs for people, that might actually help people get--if we sponsor job training Programs and skill training Programs so they would have new skills so they could go out…

If Congress actually supported increasing minimum wage in this country, that might help you take people to self-sufficiency.

Maybe the next time we talk about the $100 billion that we subsidize housing in America through the deduction we give people on their interest, we should talk about crime, too.