I am sure it is, but were you aware of it? That is my question.
Those are higher-risk products. That is November 2007.
But yet you hired Goldman Sachs in the end to help you out, is that correct?
I just wanted to go over the numbers.
You had all this evidence that there was fraud in various offices of WaMu. Why was that not set up for WaMu's loans?
You made reference to the subprime market going down. Option ARMs are prime. They are not subprime, right? They are supp...
I do not know how a bank can possibly operate with credibility with this kind of problem, this kind of fraud in its mids...
Fraud problems resurfacing with a gusto in early 2008.
So that was a higher interest rate there, as well?
During these years, WaMu cut back on its loan originations overall, but while cutting back, it also changed the mix from...
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.
Those Option ARMs... now have a delinquency rate of more than 50 percent, which means more than half of the underlying l...
You should have been disturbed by what you heard here today, OK?
I think, Mr. Killinger, in your opening statement, you made reference to Wall Street's growing appetite for these produc...
Do you remember those problems at Long Beach in 2003, Mr. Killinger?
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----
