Elizabeth Warren actually said...

"I think this is a really central question when it comes to housing finance. Who is going to take on the credit risk of all these mortgages?"

"I do not think the Government should be standing behind structured transactions if those transactions do not work in a TBA market."

"So you are saying there needs to be more regulation."

"I think we are very lucky to have someone of your talents and experience who is willing to serve in this job."