Emphasizing the need for regulatory oversight on Wall Street.
11/02/2011
https://www.congress.gov...
I should not have to remind you the FDIC has no role until the PFR (the primary regulator) rules on solvency.
Should it be?
Asset quality. Weak asset quality. It brought on the liquidity problems.
OTS recommended to WaMu that it should compensate loan processors based on the quality of the loans that they made.