Chuck Schumer actually said...

"But if it goes to two-thirds, shouldn't that be a real change in the housing markets and rates of foreclosure, and even shouldn't it help us find a floor?"

"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."

"When a country, year after year, consumes more than it produces, imports more than it exports, borrows more than it saves, the chickens always come home to roost."

"And that is going to mean some real stuff to the stability of the banks and of the whole financial markets, because they are still holding this paper."