I feel very strongly that the closer you get to the people, the more they are aware of what the problems are.
We are making very good progress in reducing both the rate and overall number of fatalities on our Nation's roads--but i...
Thank you, Madam Chairman.
Because of reckless Federal policies, too many families found themselves locked into mortgages they did not understand.
Would it have been as advantageous as the relationship with Freddie Mac?
Well, your company is gone, and for us to get to the bottom of this, we need to know every detail.
Many banks try to isolate the risk managers from sales pressures. But at WaMu, the first performance goal for the Home L...
the mistakes didn't have to be made had Congress done its job, and we failed miserably.
When Nancy Gonseth came forward with some pretty credible material. Prior to that, it had been largely rumor.
Make the loans, package the loans, sell the loans, collect the money, with a small residual for WaMu in terms of risk.
We here in Congress are certainly not without blame.
I thought he could stand out as the leading mortgage executive if he could blow a whistle and say, enough is enough.
I would ask unanimous consent for Senator Collins' opening statement to be placed in the record.
But you did see it happening?
In an organization as large as Washington Mutual, with the incentive system constructed as it was, that rewarded growth ...
If I were a shareholder in a bank that I became aware had big problems of fraud in its origination process, I would not ...
How important was the relationship with Freddie Mac in the bank's decision to Option ARMs?
I think it is going to be beneficial as we go through the process of all of these hearings in looking at what happened, ...
