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Fannie aren't in this bill. i mean, it actually all began with them. >> fannie and freddie's role was extraordinarily important in the financial crisis. in fact they were one of the major reasons we had a financial crisis. >> reporter: actually, that was supposed to be senator collins who said that if in fact they had underwriting standards that were stricter there wouldn't have been a market for mortgage brokers and banks who off load the low quality mortgages. freddie and fannie encouraged the risky loans then and that, said senator collins, was the house of cards that eventually collapsed. ...

Easy to look backwards know now and forget just how scary september 2008 was. it really was. in hindsight it was the right call to let lehman cut the it loose and let it go considering all they were doing behind the scenes. letting aig go really was scary. too big to fail? i think what's clear is that you can't allow too big to fail to happen. is there such a thing? >> right before it happens, yes. >> there is such a thing as too big to fail. >> no question. >> the issue is making sure we don't have too much of that around. >> any of it anymore, quite frankly. >> you vindicated me. i love it. ...

Scenes. letting aig go was scary. too big to fail? i think what's clear is that you can't allow too big to fail to happen. >> right before it happens, yes. >> there is such a thing as too big to fail. the issue is making sure we don't have too much of that around. >> any of it anymore, quite frankly. >> you vindicated me. i love it. is cashing in on tweet going to cost it its fans? >> a new jersey print shop under a pile of bills they couldn't pay. they found their creditors were willing to listen. >> reporter: it may not look like much but this trash-filled 15-acre lot is what drew jerry an...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.