Sep 19, 2011
Right now, who is the biggest holder of this liability? It is all of us as Federal taxpayers through the GSEs and the FHA?
Robert Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
congress.gov
Sep 19, 2011
Well, I guess that the conservatorship would have to look at what it is going to get at the end of the day if people default, what is the real value there.
Sep 19, 2011
I also think that when you say 20 percent, it seems to me that the broader criteria of determining the lending criteria is important.
Sep 19, 2011
I think the way you have to deal with negative equity is by doing principal reductions.
Sep 19, 2011
we do not need more piling on. We need to incentivize the market, not de-incentivize it.
Sep 19, 2011
If we do not take an aggressive approach and force people to say, let us align the incentives...
Sep 19, 2011
I know that prices, home prices, are low, and interest rates are about as low as they get.
Sep 19, 2011
I appreciate moral hazards as much as anyone else. I think there are moral issues into how people were led into mortgage products they should have never been into.
Politicians like Bob Menendez
