"If we are going to look at bankruptcy reform that would allow principal readjustment or so-called cramdown, my hope is that it does become the hammer of last resort."
"I am a little bit of a broken record, Senator Bennet and I are on this issue, and Senator Menendez and Senator Schumer have raised it in terms of hospitals."
"And that is the program where we are going to try to modify and buy down to 31 percent of income."
"And if we are going to do this, we have got to not just create this whole new legal pile of trouble."
"But that is in the first--the Homeowner Stability Program I thought was the one that had the cap at 105."
"I want to follow up on some of my colleagues' comments, Senator Begich and Senator Klobuchar."
"Please look into that."
"If we are going to spend TARP money, make sure some of it is directed here in the housing area."
"So those folks can be at 150----"
"We should reserve that bankruptcy process as the ultimate last-resort hammer."
"I would hope that you would be the inside-the-administration advocate that this is directly helpful to not only the housing market."