Robert Menendez actually said...

The real block, in my opinion, has been the servicers and the bond holders.

Mr. Secretary, I defy anyone to suggest that these cases were somehow the exception, that these were aberrational.

I said then that we were going to have a tsunami of foreclosures, and the administration basically said I was an alarmist.

We shouted the statistics as long as we could. We held meetings to develop legislation, but for years, the previous administration just cove...