Mark Warner actually said...

"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 market today."

"I commend Senators Corker and Warner for having put together a coalition around a bill that has all of these elements in it."

"The Corker-Warner bill contemplates a transition period of no more than 5 years following its enactment."