Chuck Schumer actually said...

"So this means that right now, two-thirds of the servicers are likely to go along with this plan for those mortgages that meet the guidelines and the guidance that you have put out, is that right?"

"I really would say that your program is going to have a significant and deep effect on housing markets, improving them, and that can reverberate throughout the whole economy."

"But I think, yes, and Mr. Chairman, I think most of the big banks that have already received TARP money who are servicers have agreed to be part of this, isn't that right?"

"How do we deal with the leverage issue for non-depository institutions is what I am asking."