Patrick Toomey actually said...

"Thank you, Mr. Chairman. Director Watt, thanks for returning to the Committee. Good to see you again."

"I do not dispute the legal authority to do it. I am just--you know, as I say, it caught us by surprise."

"It is somewhat disruptive to the private mortgage insurance industry."

"the third amendment was justified at the time, and it is still on the website, as being a favor to Fannie and Freddie because they would never be able to pay the 10-percent dividends."