MR. FRATTO: I don't think it's a conservative thing or a liberal thing. We're talking about the U.S. economy. I know there are people out there who talked about this as a -- its impact on people who think about the free markets. We're not talking -- this isn't a debate -- this isn't about free markets or socialism. This is a debate about frozen markets. And you can't have a free market when you have a frozen market. And what we're trying to do is unfreeze this really important part of our market that has an impact on every financial transaction in this country in one way or another.

So that's what we're focused on. It's not an ideological debate. We need to be able to better demonstrate that there are impacts for American families, for retirees, for small businesses, for larger businesses who are hiring, for our banking system, for the ability to get home loans, for businesses to be able to make their payrolls, their small business accounts. These are all the things that are affected because of this one frozen asset class. And that's the problem that we're focused on and trying to fix.

Yes, Jeanie.

seen at 09:00, 30 September in Whitehouse Press Briefings. Email this to a friend.
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