Elizabeth Warren actually said...

"I believe it is important for regulators to have the authority to exert countercyclical pressure on the housing market."

"I am very concerned about this, but I see that I am over my time, so I am going to--I very much want to hear from the others."

"Yes. So let me just ask, Mr. Hughes, do you agree as an issuer of private label securities that the Government should address the inherently procyclical nature of private label housing finance market?"

"Mandatory newborn screening saves lives, however some parents have concerns with the mandatory nature of newborn screening."