Mark Warner actually said...

the most important thing we could do for private capital beginning to come back into this market is to pass legislation telling the markets ...

We do think there needs to be high, solid capital standards.

If we screw this transition up, we are talking about catastrophic damage to a very fragile housing sector and the broader economy.

My caution is about having a mechanical line down of the two entities that are providing almost all credit formation in the conforming marke...