Jack Reed actually said...

"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."

"There is another aspect, too, as you alluded to in your responses, that there are times when the market can provide adequate capital."

"I have another question, but I think you have answered all the questions with your last response."