Roger Williams

I come from a retail background, and I think it is important that you--and I told your guys this when we talked last week that, please understand, these people are customers.

I think that your constituents in Texas can count on the fact that we are hyper attentive to what is happening in Texas and Oklahoma and flooding this year because of what we have seen happen in Sandy.

Without that trust, you might as well not be in business.

This committee, as you probably know, spends a lot of time discussing taxpayer risk.

the CFPB, as I believe you have heard some of my other colleagues say, is not a friend of Main Street and is doing a lot of harm in America.

regulations are killing Main Street. You all are Main Street. I am Main Street.

The consumer, again, is affected by the heavyhanded overreach of government?

Because of the overreach of the heavy hand of government, you are going to lose some profits probably because of your inability to reach out to everybody.

I am worried to death about it. Am I going to have to deal with somebody overseas telling me how to--what I need to insure my cars for and this and that, rather than my local insurance person?

I am concerned that you, Mr. McCarty, who actually represents me in this dialogue, are not really not at the table.

I believe totally in the private sector, and I am a strong believer that the private sector can always do it better.

Federal funding for HUD and the Section 8 voucher program has continued to increase dramatically over the last decade.

I think Dodd-Frank is just about the worst legislation we could ever have.

Regulations are killing small business, I will just tell you that.

Thank you, Mr. Chairman, and I thank all of you for being here today. I am a small business owner in Texas, a job creator for 44 years, a Main Street guy, and in full disclosure, I am an auto dealer.

The long-term outlook, I believe, for the U.S. economy is not that great. It could be considered bleak.

An $18 trillion debt is not a well-oiled machine. And that statement bothers me.

I would just ask you, don't wait that long. It is the worst legislation I think we have seen in a long time.

I find it incredible myself that an agency which under Federal law has no supervisory, enforcement or regulatory authority over auto dealers is still attempting, I believe, to dictate the manner in which auto dealers are compensated.

Like many, I believe that the answer to fixing these problems is in the private sector.

What this country needs, I believe, is a mortgage finance system that is not only sustainable, but reduces taxpayer risk while giving hardworking Americans the opportunity to buy homes they can actually afford to keep.

With such a large portfolio, FHA's recent actions indicated it could potentially put another 250,000 new homeowners on the books by reducing annual premiums.

Why should you not have to pay it back? It is the peoples' money.

Do you believe the FHA should be run and operated like a private insurance company?

I think it is laughable when we talk about that.