Christopher Dodd actually said...

"But we also recognize that we have got to reform this fundamentally, and how we do that is still open to some debate."

"I thought it would be important for us, in light of all the things that are going on and the efforts of this Committee over a number of months on trying to address the housing issue, that we ought to ..."

"Many feel as though if you could do something on principal forgiveness, making it possible for that value, the equity to be able to increase and exceed the value."

"But we all recognize, I think most of us do, the value they are playing right now in terms of stabilizing the market."