Jeff Merkley actually said...

"Well, and in essence, the investor was looking at pools that mixed the loans from many sources, so they did not have really a choice of discriminating as far as I am aware."

"I am trying to picture how this unfolded and I assume it was volume discounts and the competition between Fannie and Freddie."

"So if I am an investor, would I not want to pay a higher price, if you will, for loans originated by community banks and credit unions where they have a tradition of kind of honest underwriting, if yo..."

"So one of the other issues that has been discussed in the past has been automatic depressurization systems."