John Ensign

I think the case has been made that Fannie and Freddie are too big. There is no question they are too big. We have also had almost 2 years to deal with it, but we haven't done anything.

the American people are tired. They are tired of the government spending money that it does not have while they are forced to make tough decisions about their own family's budgets. But more importantly, the American people are tired of the…

The Elko County Board of Commissioners is in unanimous and strong support of the proposed S. 3185

This bill will do two things for Elko County. First: it will convey approximately 300 acres of lands managed by the BLM to Elko County to be used as a dedicated motocross facility.

My legislation provides space for appropriate residential and commercial development, as well as for traditional uses.

We appreciate you holding this hearing today.

Yes, but it operated the same way as cash being in there, didn't it?

And Goldman obviously recognized that there was some significant risk with that particular product, and that is why they sold them short, correct?

I hope that is what the financial regulatory reform focuses on.

I think that Wall Street definitely had a role in the financial crisis, but I also think we have a responsibility here on our end.

I want to go to a deal that Goldman Sachs did, known as Hudson 1.

How do you justify taking BBB-rated products, repackaging them, and getting the rating agencies to re-rate those as AAA-rated products?