Robert Menendez actually said...

I do not think it ultimately ends up being that simple, because the one thing for certain, having been a banker for most of my career, is if...

The fact that Fannie and Freddie have stood in the way of principal reductions, there is no need to allow that to continue.

And thank you for coming before the Committee.

Their failure to allow principal reductions to happen, I believe, is ultimately costing the American taxpayers money.