Jack Reed actually said...

"But it strikes me, stepping back, that because of national policies, Federal Reserve policies, we have lowered the effective interest rates for banks dramatically."

"Unless we successfully deal with this issue of foreclosure, the economy will not expand as it should, and people's lives will not return to at least close to normal."

"I mean, one of the things that we have been trying to do is to incentivize, one way to describe it, a much more proactive, much more focused can-do attitude on the service of the banks to get it done."

"We have to think creatively."