Richard Nixon actually said...

I pledged 2 weeks ago that the Federal Government would take action to alleviate these conditions.

At my request, the Federal Home Loan Bank System is initiating a new commitment program which will cover mortgages other than FHA or VA mort...

I am today authorizing GNMA to extend Tandem Plan up to $3.3 billion of mortgages.

I urge swift enactment of all of these measures as well as the prompt enactment of the Financial Institutions Act now before the Congress.