Political Quotes

an increasing share of losses have arisen from prime mortgages that were originally fully documented with significant downpayments, but have defaulted due to the weak economy and housing markets.

It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.

GSE-type organizations are not essential to successful mortgage financing. Indeed, many other industrial countries without GSEs have achieved homeownership rates comparable to that of the United States. One device that has been widely used…

If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.