Jeff Merkley actually said...

If I can summarize what I just heard, you are not contesting her analysis of the financial incentives that certainly favor foreclosure, but that because the reputation of the bank is at stake, that balances that out.

11/15/2010

https://www.congress.gov...

More Jeff Merkley Quotes

"Do you think that that might be important to whether a homeowner feels like it truly is an independent process?"
"So do you feel like there is some standard that eliminates the conflict of interest between these companies?"
"Well, please, that is so insincere, that the banks would say, yes, the homeowners get to pick the independent reviewer."
"Why did you all want to keep the independent reviewers secret?"

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