Robert Menendez actually said...

"What policy responses do you think make sense based upon those findings?"

"You testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better for the investor as well as the homeowner. How do you explain that?"

"It is very simple. All the training in the world--there is one simple statement to anyone who works for you. You do not have to be delinquent in order to be eligible for the program."

"I walk away from this hearing not better informed about what that is going to be and I think that is a serious flaw in what you are doing."