Carol Miller actually said...

"I introduced a bill to replace Freddie and Fannie. And the biggest concern there and I have here is: How do you establish the necessary capital reserves to protect the taxpayers from losses?"

"Which never worked. They made the profits, and the Government and taxpayers took the risk."

"You are going to have internal underwriting done by the facility agency, whatever you want to call it, so you are keeping Government and other entities out."

"So I am very confident that this bipartisan bill will put the Nation on the right path to establishing a viable biometric exit system that is certainly long overdue by establishing tight but achievabl..."