It's also important that Iran hear a very strong, unified message about Congress standing behind strong measures.
We hope that unity that you heard here, and the American people will hopefully hear from this committee and this Congres...
And is it true that, as shown in Exhibit 37, at times, 95 percent of WaMu's Option ARM borrowers were making minimum pay...
And the audit that you saw when you first got there, that 2006 audit, which is Exhibit 10, was the reason, as I understa...
Why were so many Long Beach mortgages defaulted? Why were Long Beach securities consistently among the worst performing ...
Wasn't there a recommendation in 2005 to take action against those officers?
No, when there was fraud, what you do is reward the folks that are being investigated with trips.
We are contemplating selling a larger portion of our Option ARMs than we have in the recent past.
How does a bank that turns out loans of which 58 or 62 or 83 percent contain misrepresentations or fraudulent borrower i...
And when WaMu qualified a borrower for an Option ARM loan, did the bank use the payment that the borrower would have to ...
Now, there was a big appetite for residential mortgages on Wall Street until September 2007, is that true?
Why weren't securitizations halted in 2005, 2006, and 2007 when similar underwriting problems were uncovered?
But by 2005, the problems started erupting again with a surge of early payment defaults.
Shouldn't you have checked to make sure that the fraudulent, tainted mortgages were not part of those securities before ...
Should not happen. These are securities that happened on your watch.
That is never right. That is never what we represent.
Yes.
We are going to try to work here.
