the particular instance we are talking about here involved four million families, and it involved people who lost their homes, whose lives were turned upside down.

Are you claiming that the information about illegal activity is privileged and confidential?

Over the last few months, Congressman Elijah Cummings and I have requested documents from your agencies regarding the basic data and the processes of the Independent Foreclosure Review.

I thought this was about transparency. That is what this is all about.

I want to know on a bank-by-bank basis the number of families that were illegally foreclosed on.

The IRS estimates, as I understand it, that there is about $400 billion left on the table that is not collected.

Thank you very much, Mr. Chairman, and thank you for your persistent and aggressive leadership in this area.

the idea of cutting enforcement for the IRS just seems to me not to be serious about collecting the money we need to run the government.

The IRS is facing an 8 percent cut in its budget.

There was a broad democratization of financial products to consumers throughout the 20th century, and student loans were one of those.

I am particularly concerned that whatever reforms we end up doing with the GSEs that it not disadvantage the small banks and credit unions in getting access to the funds they need.

I actually looked at some of those things--are complicated, very difficult to read and understand and to evaluate the risks associated with transactions there.