I know much has been said about the bipartisanship. It truly has been that.

I hope that we will move through this in a thoughtful manner, and I certainly thank you for your testimony.

I am under no illusion you are going to solve it. I think your efforts will improve.

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 have tremendous empathy for people who especially have children and living in a home that have to vacate it because of foreclosure and loss of jobs.

This $50 billion is gone once it is spent. I mean, it is not invested in something the taxpayers will get back.

I think you may be the overall architect, if you will, of much of what has been put forth as it relates to regulatory changes.

this is an example of all examples of this Administration being Big Brother, and I think the American people are recoiling from this.

You are basically saying that these entities, unless they offer other standard products, would not be able to be in business.

I think the regulators--and we have had them into our office numbers of times--I think they are helping, as they always do, create self-fulfilling prophecy.

Is there a way for the Federal Government to be involved in hedging that risk for you and yet not taking ownership through these GSEs of the portfolios themselves?