Frank Lautenberg actually said...

"The path forward is clear. Writing down some of the principal owed by underwater homeowners will help stem the tide of foreclosures and revive the housing sector."

"Principal forgiveness for responsible homeowners will give hope to those families, and reason for optimism for our economy as a whole."

"I am concerned about reports that students are being swindled into borrowing more than they can afford."

"It's essential that we press on with that because we knew, we learned unfortunately the worst that could happen."