Jack Reed actually said...

"the 30-year fixed mortgage has been sort of the North Star of American housing for a long time."

"Some of the proposals would perhaps make that a less available product, is that your analysis of the competing proposals?"

"The President's report on housing finance said that any rational housing reform is going to lead to a higher cost of mortgage credit."

"I urge the Senate to try again this Congress to enact a legislative fix to address the harmful effects of the U.S. Supreme Court decision, Carcieri v. Salazar."