08/03/2010
https://www.congress.gov...
"And is it true that, as shown in Exhibit 37, at times, 95 percent of WaMu's Option ARM borrowers were making minimum payments, which led to no or negative amortization?"
"He is laying out the risks as he sees them in the pool."
"Excuse me for interrupting because we do not have that much time, but I just wanted to go into the numbers."
"These are very serious allegations. These are high fraud rates."