10/07/2009
https://www.congress.gov...
"Is it fair to say that your own agency's data indicates that Fannie and Freddie only held a small share of subprime mortgages and never originated a single subprime mortgage?"
"But those are not subprime mortgages."
"Sealing the border in that region is an enormously tough challenge."
"I firmly believe, however, that use economic pressure is far superior to the other alternatives which we might have to consider in the future if we do not act now."