11/15/2010
https://www.congress.gov...
"The overall system of credit risk management activities and processes exhibits weakness and/or has deficiencies related to multiple business activities."
"During these years, WaMu cut back on its loan originations overall, but while cutting back, it also changed the mix from lower- to higher-risk loans."
"So that was a higher interest rate there, as well?"
"Fraud problems resurfacing with a gusto in early 2008."