Would you agree that there was great pressure to feed the origination machine?
We need to put a stop to this madness!!!
You don't remember? So you are not denying that happened, is that correct?
It mattered to them.
Should be.
There is a strong internal emphasis on market coverage, yes.
You are trying not to answer the question.
All right. Mr. Raiter, going back to you again, you had insufficient data to predict how a new loan would perform.
Should those numbers be massaged to preserve market share? Does anyone believe that?
Was there a fee charged for surveillance?
It is so clear, it is so obvious, there is such a fundamental conflict here to me.
Certainly.
Are you familiar with the practice, Ms. Barnes?
Yes. I tell you, these emails are, I think, just devastating as to the kind of culture that was going on here.
He says it is at risk due to pressure from bankers.
And should?
So that you felt Standard and Poor's should downgrade subprime, significantly.
Ratings are assigned by committee, not individuals. However, entire committees, entire departments are susceptible to ma...
