The G7 statement issued following conclusion of their gathering.

We see the need — a clear, present need — to raise capital. We’re going to do it as soon as we can do it and do it properly and do it effectively and right…Trust me, we are not wasting time; people are working around the clock to deal with this…We’ll have some volatility for a while. We need to restore confidence.

—Paulson statement

The overall goal of the program will be to contribute greater stability and liquidity in the mortgage market, which should enhance consumers’ access to mortgage financing and ultimately result in reduced mortgage interest rates

—James Lockhart on the Fannie / Freddie mandate (9 Sept)