But they are serious enough that enforcement action was needed because management was not addressing it. Is that a fair ...
Subject to that risk, it is important, though, that we be clear and prescriptive?
If we are responsible for it, if we made a mistake, we should be held accountable for it.
There was a turf war going on here, it is obvious.
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...
You have this procedure here, you have this approach which is anathema to you, one of a number of things which were anat...
I will correct myself again. I said it was the largest bank failure, and that apparently is true, thrift or otherwise.
as a matter of policy, they should have allowed that.
They were ineffective.
Thank you both, and thank you for your reports, which, of course, will be made part of the record.
No, but your people--this is the expression.
Should we legislate? I am tempted, frankly--and I may do it--to just ban negatively amortizing loans.
Just to make sure I understand that, that is why--what you just said is the access to their information was more critica...
Now, it was the Option ARM loans in 2008 that was one of the major reasons that investors and depositors pulled their mo...
This is the second in a series of four Subcommittee hearings examining some of the causes and consequences of the 2008 f...
Is there now significant proof that stated income and NINA loans are risky loans?
Has the guidance been followed?
the culture is set at the top, and this culture here was that these banks are constituents.
