Jack Reed actually said...

But you are the conservator. You are representing the Federal Government in everything that they do or fail to do.

Senator Reed asserts the responsibility of the conservator in overseeing Fannie and Freddie.

02/08/2012

More Jack Reed Quotes

trend of deference to the Enterprises, including a reliance on the determination of the Enterprises without independently testing and valida...

Have you directed Fannie or Freddie or both to independently conduct an evaluation of the pros and cons of principal reduction as a way to, ...

So the answer is you have no concerns.

Can you assure us that you believe there are no material misstatements or material omissions in those statements?