01/25/2012
https://www.congress.gov...
"Why were so many Long Beach mortgages defaulted? Why were Long Beach securities consistently among the worst performing in the marketplace?"
"Wasn't there a recommendation in 2005 to take action against those officers?"
"No, when there was fraud, what you do is reward the folks that are being investigated with trips."
"We are contemplating selling a larger portion of our Option ARMs than we have in the recent past."