06/12/2012
https://www.congress.gov...
"Do you know when you are going to hit that 2 percent level?"
"You noted in your testimony that most of the expected losses are the results of mortgages from previous years."
"Well, as we now work to reform Wall Street and the financial sector and prevent any future housing crisis, it is really clear that we have to address the future of the GSEs."
"So we know reform is necessary and there has to be a clear plan for ending this unlimited taxpayer assistance for Fannie and Freddie."