Robert Menendez actually said...

"Moral hazard is also for those who created the lending products and drove people to mortgages they should have never been."

"it is appalling from a policy standpoint that the Federal Government would take the position that they have no obligation to maintain the properties which they are legally responsible for."

"I believe we also need to have a discussion about what other opportunities there exist"

"New Jersey is the only State in the country that has a State law that puts the clear obligation on the lender that has initiated foreclosure to maintain the property during the foreclosure process."