Robert Menendez actually said...

"under the Emergency Economic Stabilization Act of 2008, you have a statutory responsibility to, quote, 'implement a plan that seeks to maximize assistance for homeowners'--maximize assistance for home..."

"We want to maximize the opportunity for people to be able to mitigate our losses, and in part, that means a robust housing market."

"Clearly, the fee is meant to ensure that the borrower is the one who bears the burden, not the entities."

"Thank you, Mr. Chairman."