03/03/2010
https://www.congress.gov...
"The GSEs, I think, if I may say so, with the connivance of the Congress, were considered to be something special and they would be protected."
"As I have said many times and will continue to say, I believe that before we discuss how to modernize our regulatory structure, or even before we consider how to address the current financial crisis, ..."
"I believe one of the primary failings of the recent bailouts of the GSEs, AIG, and Bear Stearns was the intent of protecting any creditors from losses."
"Shouldn't those decisions be made by the President and the Congress, who are accountable to the people?"