10/14/2015
https://www.congress.gov...
"It is somewhat disruptive to the private mortgage insurance industry."
"the Government came along and abrogated that agreement and basically forced a new agreement whereby it just confiscates everything that is earned."
"I guess the question I would like to explore a little bit is: Given the unprecedented behavior of the Fed in recent years, what is normal?"
"I think we need to learn the lessons of the mistakes that have been made."