Jeff Merkley actually said...

"The situation is that often when folks seek a modification, they are told by the servicer, you need to be delinquent before you start this."

"I will just close with this comment, and that is that the perspective presented by major banks before this Committee was that they are suspending the dual track for loans that they carry, but they are..."

"We all like things to be efficient and move quickly, get resolution for people, clarity for people."

"OK. So let me lay it out this way, then. If the four largest banks have reserves for repurchase of about $10 billion..."