Robert Menendez actually said...

we do not need more piling on. We need to incentivize the market, not de-incentivize it.

I think the way you have to deal with negative equity is by doing principal reductions.

Right now, who is the biggest holder of this liability? It is all of us as Federal taxpayers through the GSEs and the FHA?

Well, I guess that the conservatorship would have to look at what it is going to get at the end of the day if people default, what is the re...