Robert Menendez actually said...

"What about getting the GSEs to just let people who are presently in place lower rates to refinance at lower rates today?"

"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 real value there."

"We need big, bold solutions. Everything we have tried to date on our foreclosure problem, regrettably, has not met with our expectations."

"Thank you very much, Mr. Nielsen."