Jack Reed actually said...

It is not perfect. Seldom do we do perfect things here. But it is progress and we have not seen a lot of progress over the last few years.

You have led the way with proposals to expand the effectiveness of the HAMP program to make it more useful.

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, ...

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