Chuck Schumer actually said...

"We looked at everything from predatory lending and foreclosures to the risks of derivatives in the banking system."

"The President has now made clear that regulatory modernization, which will protect consumers and investors in this way, is a top priority for him."

"I think the public has this view that the servicers are little entrepreneurs all over the lot."

"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?"