MS. PERINO: We proposed legislation -- we proposed legislation. We tried to move forward. I mean, there's lots of different ways, but there's only so much in our system that an executive branch can do when these are congressionally chartered agencies. You have to have congressional buy-in, you have congressional action.
And just the intrinsic nature of the way that the housing industry was woven into the fabric of inside the beltway was hard to break loose. But I think that, going to Jim's question, as you said, the fact that we have had good cooperation since this announcement was made, I think is symbolic of the fact that everyone releases that this was not a game that could continue to be played. And it had to be changed fundamentally.
seen at 09:00, 8 September
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