Jack Reed actually said...

"Without FHA being there, you know, we would have been in a world of hurt."

"Let me first commend you and Ranking Member Senator Crapo on the serious, thoughtful, and collaborative way you are approaching a very challenging issue."

"monetary policy is no panacea, is no cure all, and we do not have the ability--we can all disagree on how powerful these measures are"

"if we could in the short run have a complementary policy, that would also add jobs rather than subtract them in the short run"