And it is a boondoggle of a mess, and I think there is some--and the thing that I cannot understand is where the misalig...
the value of the modified mortgage is worth more than the proceeds from a foreclosure sale would be, it would seem to me...
But it seems it is clearly in the interest of people that can pay on their loans at a reduced value and who want to stay...
that loan be modified and that that person remain in their house, because if they do not, the value of their house is ju...
Thank you for holding this hearing, although I have to say it is so depressing how little we have moved in the last 3 ye...
I think the dual track has a lot to do with it.
I hope we hear a lot more like that one going forward.
this entire conversation has been like watching a slow-moving train wreck for 22 months.
I think they are potentially devastating.
We did not mean to imply that you also agreed with the decision to impose a moratorium on all new deep water drilling.
Absolutely nothing to show for it.
That sounds to me like a big step in the right direction, and I am wondering how you are planning on sharing the results...
I would appreciate that. That would be tremendous.
Thank you for having this hearing, and thanks to all of you for coming together.
I think Dodd-Frank requires a regular report from FSOC about financial stability and risks to financial stability.
Had what you are describing been in place precrisis, what are the things that you think--the macroeconomic trends that y...
What are the rules of the road? We need to understand that.
I have spent time in Denali National Park both in the north and south sides and had the great privilege actually to stan...