08/03/2011
https://www.congress.gov...
"Credit can be undeniably a good thing. It allows people to borrow against their future earnings."
"Let me tell you, it is not working. OK? That is kind of the reason we are here, because it is not working."
"We ran into problems about 10 years ago when we failed to share information."
"I think that, we have 170,000 people abusing the system, according to my information."