February 2007, we need to talk about getting more resources in general.
I think the market coverage issue is the more important issue.
You needed more resources?
And would you believe it should be considered differently?
It would have resulted in downgrades for many of the RMBS securities.
The bank got their way. Don't assign that person to me from now on.
And you continued to bring that up in 2007, is that correct?
It was resolved. Were the resources adequate?
Preserving market share mattered, isn't that what he is saying, point blank?
I think that the agencies really went overboard here and really went off the deep end.
How about David Bawden?
Were you aware that there was a large growth in the utilization of interest-only loans during that period?
This does constitute a 'risk' to ratings quality.
Is that correct?
So you didn't use the term that they said you used?
That meaning worse?
And the great demand for mortgages for that purpose?
I believe that attention to market share is one thing we must pay attention to in running the business.
