Mike Capuano

I would have rather gone right to this panel. I think you gentlemen have more to offer to the things we really want to do than we just did.

Yes, that is true if you do it right, but it is not true if you are in conspiracy with a co-conspirator outside.

So what you did when there were competitive bids is you would get on the phone or in person with your co-conspirator and say, 'This contractor over here has already bid $10,000, so you have to bid $9,000.'

But you didn't steal HOME money. I get that.

I also want to thank you because in this, I don't know, we have been here about a couple of hours now, you provided the one point of light so far which, to me, was the only thing that I think I have heard that I could act on.

I respect the fact that HUD should have more of a--I have no problem with that concept.

I would hope that we would be able to address that issue.

What I have read is just pretty much plain, old-fashioned, straight-up crime that could happen and does happen anywhere.

Honestly, it sounds like old-fashioned bid-rigging and kick-back scheme, if you want the truth.

So you stole anything you could get your hands on, I respect that.

Did you steal that money too?

I don't see how they shed an ounce of light onto this or relate to his testimony on the relevant matter.

I think it is a dangerous precedent for this committee to start determining what parts that they like about witnesses' testimony.

I am not here to determine whether Mr. Truax did or did not commit a crime.

My fear is that if this goes into the hearing record as written, the next thing that will happen is we will see this at a sentencing hearing.

I did not do this with the other witness because the other witness only had a few things.

This is not the place and that is not why we are here.

I think it is appropriate when we have people who have been convicted of serious crimes, that they understand very clearly and unequivocally that they can't lie in court.

I believe that our side has been treated unfairly.

I totally agree that oversight is an important thing, and that we want to make sure that every tax dollar is well accounted for.

I have not been happy with what has led up to this hearing.

The argument is that we need better balance. I have to say my colleagues in this committee may be the only people in America who think that the danger is that we will over-protect consumers.

The Constitution sets forward ways to legislate and then it has a confirmation power.

I am very concerned by attempts to delay implementation of the derivatives provisions in Dodd-Frank.

I am very concerned about a step backwards in terms of ending the casino-style betting that got us into the 2008 crisis.