Robert Menendez actually said...

But at the end of the day, if we allow millions of people based upon incentives that move individuals to try--entities to try to move individuals to products that are good for the lender and/or the broker but bad for the consumer and millions ultimately make a mistake and then create the consequences that we have today in the housing market, it affects all of us.

Context

Menendez emphasizes the broader economic impact of poor lending practices on consumers.

07/13/2009

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