I appreciate moral hazards as much as anyone else. I think there are moral issues into how people were led into mortgage products they should have never been into.
I know that prices, home prices, are low, and interest rates are about as low as they get.
I think it is one of the most innovative ways to try to get out of the negative equity problem.
What about the--I raised this with the previous panel--about the QRMs, the 20 percent? It seems to me we take out a huge...
It is the American taxpayer at the end of the day.
Well, thank you all very much. It is a broad swath of ideas.
I urge you to pay careful attention to the relationship between housing and the overall economy.
But we would have to change HARP from where it is now to accomplish that.
But I would assume--I understand what you are saying, but I would assume the conservatorship, ultimately its goal is to ...
I would hope all of us are focused on that as the number one job before the country, getting people to work.
I think they really are trying to, with the conservatorship and with FHFA, are trying to figure out a long-term profitab...