I have learned how to do that, because last year the Republicans offered what they said was the solution to the Fannie Mae and Freddie Mac problem in the conference. We did not accept it. And they said, this is a big mistake.
Capuano reflects on past Republican proposals regarding Fannie Mae and Freddie Mac.
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We have done the purely private market before, it didn't work. We are not going back. Period.
It just means if we are going to make national policy it has to be adjusted to regional cost.
I think that all of the rail carriers want to do the right thing and have been doing the right thing for hundreds of years.
I would ask, is the Fed interested in all, would you be interested in pursuing something--you oversee 7,000 entities, some of them large, some of them small, most of them pretty large.
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