03/14/2011
https://www.congress.gov...
"We knew better than that. We knew better."
"Thirteen trillion dollars that is invested in bonds, including junk bonds--which is what they are buying now because they do not have other investments--is taking credit risk"
"we are contemplating Government guarantee programs which, in my opinion, will inevitably have the Government providing insurance with low downpayment mortgages"
"Explain what you mean by G-series. That is Government----"