Jack Reed actually said...

I am perplexed. I have my models, and I look at this data very carefully

Reed expresses confusion over Fannie and Freddie's stance on principal writedown versus forbearance.

02/08/2012

More Jack Reed Quotes

But I thank the witnesses, and again I thank the Chairwoman.

I just have a sense from my experience in Rhode Island is that there is kind of this built-in resistance.

Well, what more can we do?

So it suggests State action as well as Federal action.