Elizabeth Warren actually said...

"As we consider the reform of mortgage finance, we have to think about the role that the Federal home loan banks will play."

"We are only likely to get one bite at this apple, and doing it right here means making sure that our small financial institutions, our community banks, our credit unions, still can thrive."

"We need housing finance reform. It has been 5 years since the crash and long past the time we need to make these reforms."

"The purpose of the Federal Home Loan Banks is to be a strong and reliable source of funds for local lenders to finance housing, jobs, and economic growth."