Tom Coburn: “This bill is kind of like that. It is kind of like a doctor treating symptoms instead of the real disease. The real…”

“This bill is kind of like that. It is kind of like a doctor treating symptoms instead of the real disease. The real disease was Congress. The real disease was poor underwriting standards, actually no underwriting standards. The real disease was Fannie Mae and Freddie Mac, and the real disease was the rating agencies that haven't been controlled effectively by this proposed legislation. This legislation does nothing for the real disease. It treats a lot of symptoms. It grows government gigantically. It will create more bureaucrats and rules than we can shake a stick at. But it does not fix the underlying problem.”