Joe Manchin actually said...

"I think all of you have heard that we have some concerns, and I come from the State of West Virginia, which we never really hit the housing bubble."

"Would any of your run your business the way FHA has been run?"

"I do not think that is FHA's role."

"You are basically saying for all the mistakes that we have made in the past, now we have to go back and really raid the private market."