Steve Cohen actually said...

"What these programs need is not to be replaced by a government program that is mandating modifications."

"I think it is shameful that the Treasury Department is too busy to deal with the Congress with regard to the collapse of the housing market in America."

"I think it is up to us to step forward once again and not to give up on this, Mr. Chairman, because I think it is not yet too late to enact this reform and to stem this collapse of the housing market ..."

"The important thing--it would be one thing if Freddie and Fannie were simply private companies. We are Freddie and Fannie, and the taxpayer will back that."