05/10/2004
https://transcripts.cnn.com...
"Which is kind of, is it fair to say, heading towards a 3? Is that a fair summary?"
"What, if any, guidance should be given to institutions by regulators relative to that issue as to putting into the stream of commerce the mortgages which are bad mortgages?"
"Should it be?"
"Asset quality. Weak asset quality. It brought on the liquidity problems."