Jack Reed actually said...

"In fact, my sense is you are arguing that this is really what he should be doing because of his obligations under the present law to, you know, stabilize and to recover as much assets and be as busine..."

"Conserving and preserving assets is an incredibly important goal."

"it is a lot smarter for a bank to keep someone in their home paying rent and maybe even have a principal kicker at the end than to foreclose."

"the principal goal of the conservator should be to preserve taxpayer money"