Michael Bennet actually said...

"that loan be modified and that that person remain in their house, because if they do not, the value of their house is just going to go down."

"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 in their home, it is clearly in their interest to do that, right?"

"the value of the modified mortgage is worth more than the proceeds from a foreclosure sale would be, it would seem to me, and I could be wrong."

"And it is a boondoggle of a mess, and I think there is some--and the thing that I cannot understand is where the misalignment of interest is here, because we have millions of people in this country th..."