MS. PERINO: As I said, I think that the cooperation we've had from members of Congress and from the companies, themselves, is emblematic of the fact that people recognized that the status quo was not going to suffice anymore.
And the turmoil that would have resulted from a failure of these two companies would have directly impacted households everywhere -- household wealth, our buying power, our ability to save for college or our savings for retirement, ability to get loans -- not just home loans, but auto loans -- everything that makes our economy work. So the President thought it was absolutely appropriate that we move forward. And as I said, the cooperation so far has been very good.
seen at 09:00, 8 September
in
Whitehouse Press Briefings.
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