- There are probably at least half a million cases of mortgage fraud a year
- 80% of the fraud is committed by the mortgage companies
- "There are so many shoes yet to drop it is going to be like being in Imelda Marcos' closet during an earthquake"
- The US has descended into crony capitalism like Indonesia under Suharto
- The proposed financial regulations won't work
- There are 1/6th as many FBI investigators as during the S&L crisis when today's problems may be 30 times larger
- "The next big one will be even worse"