Did you have trouble, both of you, tracking OTS' findings and whether WaMu implemented them?
So why wasn't it changed? What were the reasons it was not changed from what you have heard?
Do you have a conclusion as to why Washington Mutual failed?
We cannot rely on the regulators. That is obvious from today's hearing, it seems to me.
Can you use the words, 'Folks, your progress is inadequate?' Are you able to tell them that?
I would not cite that in defense of your feeble enforcement, that there is a money-laundering order.
You did not want FDIC to be meddling around in your backyard.
I should not have to remind you that FDIC has no role.
Crystal clear, no participation on any OTS 1 and 2 rates exams.
Well, Rome was burning. The economy was going to Hell in a hand basket.
Why can't you tell someone you regulate, 'Folks, you made a commitment 6 months ago, and it was conditioned'?
This was not some ordinary institution, by the way. As you know, it is the largest institution that has ever been taken ...
Well, it took you long enough.
You should know why.
This is far too cozy?
I think it is important to point out that although Washington Mutual has been referred to as the largest failure in Amer...
About the only time OTS showed backbone was against another agency's moving, in your view, into your turf.
This is not effective regulation. It is feeble regulation, year after year after year.
