Honestly, if my mother or my teacher or my priest told me, if you do those terrible things, I will be very disappointed, I don't need to tell you, but when I was irresponsible, it didn't much matter.

I personally don't think that is the best way that HUD could be going.

I would much prefer that those distressed properties in my district be offered to the highest bidder on an individualized, at least a small lot process.

FHA has been the reason that this economy is in the shape that it is in today.

I think that law is stupid that requires you to borrow taxpayers' money that you don't need.

Some of us are not part-time freedom fighters. Some of us were born into this.

Again, the Administration should not be leading the way, putting people like Walter into homes they cannot afford to keep.

With respect to subprime lending, what consenting adults do with their money is their business, but what the FHA does with taxpayer money is our business.

And to think that you have to get to 2 percent immediately would--you could try to get there in a month by raising your premium to 28 percent instead of point whatever percent, and then nobody--you would kill the program.

Thank you, Mr. Chairman. Thank you, Mr. Secretary.

And perhaps the bigger failure is not living up to President Johnson's goal, "not only to relieve the symptoms of poverty but to cure it and, above all, to prevent it."