Did that trouble you?
Take a look at Exhibit 1i.
I have a Goldman deal with subprime Fremont collateral. Fremont is not performing well.
Well, that may be what they believed, but I am asking you what should be the case.
From my personal perspective, it is something that I would have wanted to know, because it is more of a qualitative not ...
Would you all agree with that, it would be riskier if there was no verification of income?
Should a CDO which is expected not to perform be given a AAA rating?
The answer is here from a supervisor, it doesn't make any difference that their collateral is not performing well.
It was also a resource issue, is that correct?
I have been a mortgage broker for the past 13 years and I have never seen such a lack of attention to loan risk.
So it wasn't just a matter of there wasn't adequate time. Now you are protecting the analyst from abuse, is that it?
Do you know anything about the use of dummies, Ms. Yoshizawa?
It seems to me, is going to shake up folks that are listening to this testimony as to how much these credit ratings can ...
IBG-YBG was explained to me to mean, 'I'll be gone, you'll be gone.'
Was there a delay in putting that new model in place?
I could not agree with you more. But that is the culture that existed here.
And should it affect the credit analysis?
The problem is, outside of the great people that inhabit the United States, that the two greatest things that make this ...
