Ben Bernanke: “We need to do something big, strong.”

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…

Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.

monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems

We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.