Bill Delahunt: “I think it is important we really deeply delve into the causes. How did we get here?”

It isn't about government overregulating. It is government abdicating its responsibility to supervise.

I believe ardently that it is the responsibility of these Committees to do the oversight that is necessary to repair the damage that was done in the preceding Administration to America's image.

That is why I take offense when I hear it is the Community Reinvestment Act that did this. That is baloney.

I wanted to note that in hearings before the Committee which I Chaired there were a number of military prosecutors that testified that described that entire process as a sham, a joke and a fraud being perpetrated.