Johnny Isakson actually said...

"Is it not true that Freddie and Fannie guaranteed and assured loans, pretty much at the direction of the Congress of the United States?"

"If you originate something, you own it. If you acquire something that is a bad debt or a bad piece of paper, shame on you for buying it, but it is not your problem for creating it."

"A lot of these loans were originated at the auspices of or with the encouragement of the United States Government and the Congress of the United States."

"Absolutely, and I believe that is, unfortunately, what led them to buy a lot of bad loans."