Ben Bernanke said...

an increasing share of losses have arisen from prime mortgages that were originally fully documented with significant do...

It was not evident that Section 716 makes the company as a whole safer, and what we do see is that it will likely increa...

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

A default by the U.S. Government would be extremely disruptive.