Jeff Merkley actually said...

"It means you crash overnight when the market turns, and you melt down the entire economy, and that is where we are now."

"It recognizes the fact that this needs to be a contract honored."

"This commitment is central to the economies of my State."

"I want to thank you all. I am way over my time. I thank the indulgence of the Chair, and I appreciate this discussion as we think about Fannie and Freddie and how we make home mortgages work in Americ..."