09/12/2012
https://www.congress.gov...
"Now, on October 4, 2007, Exhibit 46, you wrote the SEC."
"Underwriting guidelines established to mitigate the risk of unsound underwriting decisions are not always followed."
"Simply stated, our ground forces are stretched thin and equipment is wearing out faster than planned and is not being replaced in a timely manner."
"The performance of newly minted option arm loans is causing us problems."