Jeff Merkley actually said...

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

"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."

"So I was doing a little back-of-the-envelope number here, and I think you found in the vicinity of a 0.02-percent increase in the default rate."