Jeff Merkley actually said...

"Is there any sense to using soft seconds for the balance that is underwater as a way to create loans that could re-enter the marketplace?"

"Why not spend a little money in a matching grant program, not simply on a temporary basis..."

"So you are picturing not just an option, but a negotiated purchase price arranged up front?"

"The cloud of foreclosures, the five to eight million additional foreclosures is a huge problem for our economy."