CSPAN Key Capitol Hill Hearings November 9, 2013
[captions Copyright National cable satellite corp. 2013] [captioning performed by national captioning institute] that is easy to say with the benefit of hindsight. If you had created a situation where all over america people were deciding that they needed to stop making payments so that they could qualify for mortgage relief programs, you could have easily substantially exacerbated the financial crisis. If you have said that the government was going to take on a liability that for any close to resemblance to the magnitude of the total underwater quantity of equity in the economy, you would hav...
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