03/03/2010
https://www.congress.gov...
"A financially sound FHA is an essential component in the recovery of the housing market."
"It is troubling that year after year, the FHA is unable to meet its statutory requirement of maintaining a 2 percent capital reserve ratio."
"Thank you very much, Madam Chairman. Thank you for holding this important hearing on the Federal Housing Administration and the future of the housing finance market."
"These are difficult choices, and we're forced to choose between very unattractive options."