"I think it would be wonderful. Let us face it. In the desire for policymakers to make sure people at every income level led the life of middle-class citizens, we promoted loan making that helped destroy our system."
"This regulatory reform, again, is just moving chairs around. It is not changing anything about the way that we go about doing this business."
"So hopefully as we do regulation we will make sure that this is something that we deal with, that this is not left to the side."
"I think the things we have done artificially to stimulate the housing market have lowered household wealth in our country over the last year hugely."
"Since there is a cost with everything--I mean, you cannot create a fixed-rate loan and there not be a cost associated with that."
"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."
"There is time to do it right, but it is all very related to each other, isn't it?"
"there is a reason for us in this country to assume risk at the Government level as it relates to residential mortgages?"