06/29/2016
https://www.congress.gov...
"So does anybody disagree that we ought to be taking advantage of market conditions and taking this balance sheet down in a methodical thoughtful way?"
"History will show that I do not think private mortgage insurance will be a very good first-loss position because it would not be there when you need it."
"So, adjust that down over a period of time."
"I do think there was a semantics issue, and I just want to point out that let's just say you had a 90-10 model, just for talking purposes. You would have automatically shrunk the public side by 10 per..."