Barack Obama actually said...

"You were the first person to call it a 'tsunami of foreclosures' that would happen."

"We need to ensure that the Federal Government is using taxpayer dollars wisely and that we are working to really solve problems, not just delay them."

"I question whether we will be more effective than the current programs in preserving homeownership."

"As long as I live, I will remember Bob Menendez's comments that day, our first hearing."