Bob Menendez

I hope we can get the right balance struck here because I think the pendulum has swung too far the other way.

How do you both view how the housing market has responded to the Fed's low interest rate monetary policies?

There are those of us who have worked very hard to put policies and be supportive of policies in place to get this economy moving again

So would you do anything different than what is being done at this point in time with the indicators as they exist?

What do you believe of that?

A lot of us are not feeling like this is a good time to be rewarding Russia for anything. The recent elections make a mockery of democracy.

But at the same time, lifting Jackson-Vanik is a huge benefit to Russia, and I am sure all of you as business people understand the essence of leverage in a negotiation.

It seems to me that there are two ways to preserve and conserve the assets.

What does not make sense to me, and maybe you can explain it to me, is that the FHFA seems to be saying that there are no GSE borrowers in the entire country for whom principal reduction makes sense.

Thank you very much.

For those who cannot honor their obligations, do you consider the possibility--of course, this is a case-by-case basis--of principal reduction as a possibility in the portfolio, in the tool of things to be used?

This hearing will come to order. Thank you all for being here today.

You also stated in your testimony that FHFA should use principal reduction data in its analysis, not just the NPV analysis which has problems.

You think that if they had included those incentives, the analysis would change the outcome?

Let us be clear that anybody who defaults on a GSE or FHA loan is costing the taxpayer and should be treated as such.

I think those are the ways in which we are going to actually change the realities on the ground.

I actually believe that we can, in fact, use leverage in this case for a worthwhile humanitarian purpose.

I also want to introduce and express my strong support for Judge Michael Shipp, for the United States District Court of New Jersey.

He is an exceptional candidate for the Federal bench.

The regulations do need to be changed to reflect stock being held in street name.

My understanding is your firm was awarded credits through the program.

A shadow IPO market is probably not in the best interest of promoting a strong IPO market here in the United States.

I think it makes sense that we should be counting beneficial owners and raising the threshold to a higher number.

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…

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