Bill Huizenga actually said...

"I think that is the fear that a lot of us have in this current economy with the job situation as it is that that may be more risky."

"I, for one, am pleased that it sounds like it is going to be an easy pledge from all of us on this committee to say there won't be an FHA bailout."

"But doesn't that sort of go counter to your argument that the FHA is needed for countercyclical, and if you guys are that rock solid, why isn't the private sector stepping in?"

"It is my hope and desire to make sure that those rules that you are implementing are based on that, and that it then provides that guidance."