02/08/2010
https://www.congress.gov...
"This $50 billion is gone once it is spent. I mean, it is not invested in something the taxpayers will get back."
"I know my time is up, but it is further digging a hole for the GSEs to play the role they are playing in these mortgage modifications, isn't that correct?"
"I think that most of us realize that in a push to create affordable housing for everybody in America, we actually have created a big part of this problem because there was no equity."
"I am under no illusion you are going to solve it. I think your efforts will improve."