Carol Miller actually said...

"Thank you for calling this very important hearing on this issue."

"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."

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

"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?"