The other thing, and one that I think you all are dealing with in the regulatory reform, is the fact that you are not do...
Did you have trouble, both of you, tracking OTS' findings and whether WaMu implemented them?
the culture is set at the top, and this culture here was that these banks are constituents.
Is there now significant proof that stated income and NINA loans are risky loans?
This is the second in a series of four Subcommittee hearings examining some of the causes and consequences of the 2008 f...
Now, it was the Option ARM loans in 2008 that was one of the major reasons that investors and depositors pulled their mo...
Just to make sure I understand that, that is why--what you just said is the access to their information was more critica...
Should we legislate? I am tempted, frankly--and I may do it--to just ban negatively amortizing loans.
No, but your people--this is the expression.
Thank you both, and thank you for your reports, which, of course, will be made part of the record.
You can't assess the strength of the borrower and that has got to be at the foundation of underwriting, risk assessment,...
as a matter of policy, they should have allowed that.
I will correct myself again. I said it was the largest bank failure, and that apparently is true, thrift or otherwise.
You have this procedure here, you have this approach which is anathema to you, one of a number of things which were anat...
I guess one of the issues, obviously the big issue we will be looking at in the next two hearings is the dumping of high...
There was a turf war going on here, it is obvious.
If we are responsible for it, if we made a mistake, we should be held accountable for it.
Subject to that risk, it is important, though, that we be clear and prescriptive?
