As the American mortgage market ebbs and flows, we have the duty to protect responsible lending in the housing market for borrowers, lenders, and everyone else who is engaged in the economic life of our country.

WHITEHOUSE: Our Top Stories

Instead, the evidence appears to indicate that the CCC lending program merely reroutes existing trade flows.

CENTERFORSECURITYPOLICY: Center for Security Policy | How Not to Lend To A Bankrupt Russia: Eximbank Energy Deal Should Be Iced, Reworked

What is important is what happens to money and credit flows as the Fed allows special lending programs to expire and begins to replace other purchased assets on its balance sheet, mainly mortgage-backed securities, with traditional Treasury bills.

FORBES: The False Threat Of The Fed's Swollen Balance Sheet

But also looking at whatever legislation comes out of this process to ensure that our ability to stabilize the financial system and ensure that credit flows from banks and lending institutions to families and small businesses and big businesses through capital and what they need to run their business.

WHITEHOUSE: White House Press Briefing: March 20,2009