Chuck Edwards actually said...

"I don't think Congress should appropriate any more money for these programs. I think the time for federal subsidies, if there ever was one, has passed."

"It certainly wasn't transparent, and I think as this committee has investigated in past hearings, that initially there were not the proper checks and balances in place for a lot of these loans."

"These projects were going to get built, and when federal subsidies were layered in, it just meant that the investors like Warren Buffett and others earned higher returns than otherwise."

"It does seem to me that you can divide the section 1703 and 1705 projects into two sort of pots."