Robert Menendez actually said...
Well, let me just make a final note that there are two ways of preserving, you know, the corpus of your interest. One is through foreclosure; the other one is through looking at the whole process of refinancing and, where appropriate, the private sector has taken about 20 percent of its portfolio in the banks and said it makes sense to do, you know, reductions in principal.
Context
Menendez highlights the need for alternatives to foreclosure in preserving financial interests.
02/29/2012