MICHAEL GRIMM: “Smaller banks can't compete--they can't keep up with the administrative costs of all of the rules and regulations.”

I believe you, and I know that, based on your experience, is in your heart. But when you look at the actual quote from the boss, the Attorney General, Eric Holder, it says, "I am concerned that the size of some of these institutions…

The subprime loans were sold to Fannie Mae and Freddie Mac, sold to the government, which put taxpayers at massive risk.

I have said many, many times that if we don't get housing moving again, the overall economy is not going to get moving again.

I completely understand the need for actuarially-sound programs. But I think where we are missing it is the balance between actuarially sound and functionally and practically sound.