The overall system of credit risk management activities and processes exhibits weakness and/or has deficiencies related ...
Basically they did not want to slow down loan production.
the major drop which you and others from WaMu refer to came in the fixed, 30-year loans, and that drop took place when y...
So basically, those----
Was there a high risk in doing that?
And would you say that the criteria were looser as a result of that demand?
We have to do some financial reform in the Senate.
That is what I hoped you would have said.
I am talking about those emails. Would you have been concerned then if you had read those emails?
Do you remember a discussion about delinquencies and that being a reason why you had better get rid of Option ARMs quick...
Some of the other products being high-risk products.
Would you have made that inquiry or thought it ought to be made?
It is very clear, you should have been disturbed by that.
Do you remember those problems at Long Beach in 2003, Mr. Killinger?
I think, Mr. Killinger, in your opening statement, you made reference to Wall Street's growing appetite for these produc...
You should have been disturbed by what you heard here today, OK?
Those Option ARMs... now have a delinquency rate of more than 50 percent, which means more than half of the underlying l...
But yet you hired Goldman Sachs in the end to help you out, is that correct?
