01/25/2012
https://www.congress.gov...
"I guess one of the issues, obviously the big issue we will be looking at in the next two hearings is the dumping of high-risk loans into the financial system as a whole."
"That interagency position is not binding, is that correct?"
"On Exhibit 51b, if you will take a look at that exhibit, this is a 2005 memo entitled, 'Insured Institutions' Exposure to a Housing Slowdown.'"
"Is that a fair comparison, given that WaMu's lending practices departed radically from historically safe products and practices?"