Robert Menendez actually said...

Is that, in part, why you talked about aligning servicer standards with--servicers' incentives with seeking remediation and----

Menendez questions the alignment of servicer standards with remediation efforts.

02/09/2012

More Robert Menendez Quotes

Now, one of the other elements of the report is intelligence: in essence, an intelligence failure.

While many mistakes were made--and they outlined and responded to each of them--a significant problem was resources.

That amount would not even cover the recovery estimates that we currently have, much less get to any of the necessary mitigation investments...

So, in essence, it is more fiscally prudent to do the mitigation than to just replace as it was and wait for the next storm and repay all ov...