Frank Lautenberg actually said...

The regulations were there to prevent that from happening before the crisis began developing?

So FHA essentially writes off the loss from what may have been a subprime loan, and that's FHA's responsibility, is it not?

Congress and the administration must continue to take steps to stop the foreclosure crisis.

Because it's a sad situation to see people who need housing and empty houses and not to be able to at least get them out of the weather and ...