03/04/2009
https://www.congress.gov...
"Do you have any thoughts on the fact that this bill doesn't address underlying core problems like Fannie Mae and Freddie Mac?"
"The answer to that is absolutely no. Nobody is going to believe they have the capability to do that."
"their existing function is they take over and immediately sell the assets and they don't run things, correct?"
"Systemic risk and the fact that it was there created the necessary program for us to eliminate that systemic risk."