Melvin Watt: “I think it was wonderful that we bailed out the automobile industry. We wouldn't have a domestic industry if we had not…”

Only in America could somebody be confirmed to this position that has the regulatory authority over the bulk of housing in this country.

I will not hesitate to use my full subpoena power to compel cooperation where necessary.

Senator, that is just not true now. What we did not do was principal reduction, but there are millions and millions of people that we have provided relief for whose homes were in jeopardy.

I don't think you would want either Republicans or Democrats, I don't think either one would want 15, 20 percent of their economy in conservatorship for years and years.