Chuck Schumer actually said...

"I am nonetheless opposed to proposals to eliminate any Government guarantee from the housing finance system."

"Pulling the plug on the Government guarantee will kill the housing market, not resurrect it."

"Eliminating the Government guarantee risks the flight of over $6 trillion dollars from the U.S. housing finance market."

"I was pleased and proud to recommend her for this position as someone who has chosen to make her home in this country."