Melvin Watt: “I suspect the second panel will be bashing Fannie and Freddie and the decisions that they have made rather than about…”

I took a lot of heat for reinstating it. But it was a statutory mandate, and I did not see a reason not to follow the statute.

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.

The real problem was that I think because there was this competition to make money for the private sector, there developed a race to the bottom.

Due process cannot be dispensed in 5-minute exchanges of questions and answers, or by politicians...