05/03/2011
https://www.congress.gov...
"We have a national interest in and the banks have an interest in not having too many houses fall on the market and collapse the price even further."
"I think that is a recognition that there is no free lunch. Somebody will pay for when principal is crammed down."
"I think it is very different to try to coerce lenders."
"I would just note that I am glad Senator Leahy is going to be on the conference committee and maybe he can--that is really critical."