Today's settlement . . . enables this management team to resolve past issues so that we can focus squarely on meeting our important housing mission, running the business well and serving the needs of our customers.

We are determined to do all that we can to help the victims of this disaster.

We quite obviously need to make additional progress on our financial reporting.

We are making excellent progress on improving the business in ways that will both advance our housing mission and reward our stockholders.

We shall take the necessary steps to upgrade our control and financial reporting infrastructure to meet our regulatory and reporting commitments.

These temporary measures do not affect Freddie Mac's guarantee on its mortgage participation certificates.

We have confidence in the area, ... We fully expect we're going to get paid back on these things.