Jack Reed actually said...

"I want to particularly thank you for is I heard today that within the President's proposal there will be a $1 billion fund to launch the Affordable Housing Trust Fund."

"I think we were too, in a sense, beguiled by this notion that we could put everyone in a home."

"I think also the ability to react to the ups and downs of the market is going to be critical."

"I think there is another message that has to be continually communicated, not just by yourself but by the President."