Jack Reed actually said...

"If we want to stabilize the economy, we must be sure we also address the root of the problem."

"I also want to thank Senator Isakson for his very eloquent and very profound testimony."

"But as we have seen during this crisis, many of those, if not most of those, AAA-rated securities have, in fact, been downgraded."

"I understand also that they were given credit by the regulators for their affordable housing goals with the purchase of much of these market private label securities."