Let's not pretend that it is the panacea and answer to every issue that faces people with housing problems.

I totally agree that we need to be careful, and that is what we are doing here.

The only thing I am interested in is having no more taxpayer bailouts for people who give out mortgages.

I actually think that the comments that were made earlier on competition and choice and level playing field and coordination of regulators are all 100 percent correct.

I want to get it right, too.

I think those are fair and reasonable concerns.

Again, Mr. Chairman, thank you for having this hearing. I think this is one of many hearings we are going to have on how the whole Federal involvement, whatever limited involvement or whatever it might be relative to insurance regulation…

There is no one person or no one entity as far as I am concerned that I want to give every ounce of power to.

It seems ridiculous that you can't get in the room and participate in the discussion.

I think that seems to be the right way to go, to have the open discussion in a debate.

we should never give up our regulatory scheme to any other country, which, by the way, we just did yesterday on the Floor of the House.