Jack Reed actually said...

"I am frustrated. I am frustrated by it."

"we have gone to extraordinary lengths to provide support for financial institutions, mainly through Federal Reserve policy of lowering interest rates very close to zero."

"You have led the way with proposals to expand the effectiveness of the HAMP program to make it more useful."

"It is not perfect. Seldom do we do perfect things here. But it is progress and we have not seen a lot of progress over the last few years."