Jeff Merkley actually said...

"Let us say we have a million people buying homes, and by increasing the down payment from 5 to 10 percent, we proceed to have 10 percent fewer families--or I think the range you had was 7 to 15, but I..."

"We cannot allow the mistakes we made with mortgages over the last 10 years to drive us down the road."

"Thank you very much, Mr. Chair, and thank you all for your testimony."

"I found that very useful when I went to the Federal benefits plan, when I came into office."