Bob Menendez actually said...

"I said then that we were going to have a tsunami of foreclosures, and the administration basically said I was an alarmist."

"I want to commend you and the administration for taking the housing crisis seriously and developing a proposal that I think lays the foundation for some real relief to American families."

"One of the biggest lessons I have learned over this period of time is that some of these institutions simply will not police themselves and lenders will not modify their own, in many cases. Voluntary ..."

"Families like this army sergeant are all over America waiting for their lender or servicer to strike an agreement."