Carl Levin actually said...

Well, all year, they were over your permanent limit. They were hugely over it.

Levin highlights the persistent overreach of the Mortgage Department's risk limits.

04/26/2010

More Carl Levin Quotes

Mr. Schneider was certainly concerned with the issues.

Did the audit find that Long Beach then was consistently approving poor loans?

Now, specialty lending is what Washington Mutual called its subprime operations after it abolished Long Beach as a separate entity and took ...

So 132 sampled were identified with red flags, reading from this report, and of that, 115 had confirmed fraud.