Bob Corker actually said...

"The fact is he stated here that these GSEs should not exist, that the private sector can deal with this issue perfectly adequately."

"there is a cost associated with loaning money out to people."

"But along with recourse, it does make some degree of difference when the borrower asks for the loan, does it not?"

"I would like--our office would very much like to be involved in a step-by-step process with you as to how we unwind oldco and move this function over the private sector."