Bacon appeared as a guest speaker at CityScape USA's closing, athree-day event that attracted investors, developers, architects,designers and consultants in the real estate industry. He did notaddress specifics behind the number of stepsthat need to be taken in both the short and long term, nor did headdress further specifics. However, he did address where thingscurrently stand, and said he is sure that "we will get throughthis," when speaking about the current state of the economy.
"Fannie Mae is a unique animal," he said. The government'sconservatorship was done to ensure that Fannie Mae and Freddie Maccan provide liquidity at a time of stress in the markets, heexplained. "The government is committed to making us continue towork, they are a stabilizing factor. …The ability of someone toprovide liquidity in this market is essential."
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