"And if we are going to negotiate, should we not negotiate from a position of strength?"
"Let us recognize that a family may not be able to afford a home. The prices may be too high and the family's income may not rise with those prices."
"And the reason we had to pay that is because unless we put 20 percent down and financed 80 percent, we had to have the guarantee in there just in case of a default."
"The Federal Government's involvement in housing finance is predicated on the idea that it is not only helpful but it is also necessary."
"That loan isn't a loan, it is an albatross. It is a moral hazard."
"I agree with Mr. Capuano. I think we all believe that there should be a solution here with a backstop."
"First, people should be able to afford a place to live."
"Notwithstanding the many questions that obstruct our path forward on housing finance reform, one thing is absolutely certain: the status quo is unsustainable."
"Key structural reforms must be implemented by Congress before a decision is made regarding the GSEs and capital retention and that Congress should decide the final resolution of the conservatorship."
"Since 2008 we have seen a recovery from the housing market and we made changes, but yet what we have done in regard to the GSEs is essentially put a veneer over a chasm that exists that is going to pr..."
"No, there is no due process--"