Robert Menendez actually said...

"There clearly were incentives on the positive side to induce and help the servicers to do what we would want them to do in loan modifications."

"plenty of people, plenty of entities I know, they have the confidence in their business and their business plan to borrow. The only thing is, when you have rates that are almost usurious, it is pretty..."

"public disclosure without consequence means nothing."

"There has to be some action upon servicers that consistently have this MO."