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