Jack Reed actually said...

"If we default next week, even technically, your view, I believe, is that that will make our ability to do almost everything, including deal with the long-term entitlement problem, much more difficult."

"if you look at the luxury market for residential, there is no problem there, there has never been a problem."

"Well, thank you very much, Mr. Chairman, and thank you for your testimony."

"we are underbuilding given the projected demand, significantly; that even with this program that is working effectively, we need to do much, much more."