Jack Reed actually said...

"The Commercial Mortgage Securities Association (CMSA) is grateful to Chairman Reed, Ranking Member Bunning, and the Members of the Subcommittee."

"I believe that continuation of Fannie Mae and Freddie Mac as member owned cooperatives would serve to establish standards."

"We heard that the Russians were ready to stand with President Obama on the stage in Pittsburgh along with President Sarkozy and Prime Minister Brown, but the Chinese were reluctant."

"We fought to ensure that if ordinary Americans who had done nothing wrong were going to pay for this stabilization effort, they would get to share in the benefits if companies became more profitable."