Bob Menendez

The Fed states in its testimony that it, quote, 'expects to disclose significant portions of the documentation related to the final action plans.'

So to the extent, then, that we have a problem with the nature of the information to the public, you would say to me that it goes back to the OCC?

I personally went to the Web site, which looks very unofficial to me, as well.

When they approached us, they asked us if we were interested in doing the work...

So who do you consider your client?

So you consider your client JPMorgan?

The consent orders do not end dual track. They perpetuate it

And if you felt they did not have the sufficient personnel or wherewithal to pursue it, you would have the ability to order them to do that?

I think there are a lot of questions, and so we are going to go through a second round.

But a baseline does not suggest you cannot do better.

So I file an appeal and now my case is, because it was one of your people who--one of the companies on which you are providing the independent consulting on, and it now goes to someone.

Well, but if they devised the form and that is the form that was sent, would you not say they were pretty much in control of that?

Who is your fiduciary responsibility to?

And you are not concerned that-- your company is not concerned that your vigorous pursuit of what the OCC's mandate here may cause them not to have the favor of JPMorgan in the future as it relates to other non-home ownership issues?

And you have no concern that should you, in a vigorous pursuit of this, according to what you believe the OCC's mandate is to you, that Bank of America, PNC, or Wells Fargo might not hire your firm in the future?

The servicers are the ones who constructed these forms, which makes me concerned about whether or not the interest was to make it as clear and as useful as possible.

The success of the foreclosure review program is one of the factors in the recovery of our Nation's housing market.

But by the same token, a baseline which you then go on to say does not override the independent judgment is not really a baseline.

If we do not remain committed to transparency, consistency, and accountability, the foreclosure reviews will be toothless.

It is both unprecedented and rather extreme for Republicans to refuse to confirm anyone, regardless of how qualified they are

The absence of all that disclosure was an important element of what caused the financial crisis in 2008 and 2009

I just find this movement toward this 20 percent to me to be arbitrary.

But can you name a single action in all of American history that caused a greater loss of American jobs or slowing the growth that we have had in this economy than when we allowed Wall Street financial institutions to largely do whatever…

I was proud to support the Wall Street Reform and Consumer Protection Act.

Thank you, Mr. Chairman.