02/03/2010
https://www.congress.gov...
"Were they notified that there was a billion-and-a-half dollars in loans that were selected because they were Option ARMs and that it was your expectation that Option ARMs were going to go delinquent i..."
"Look, Mr. Beck, those emails talk about delinquencies, delinquencies, delinquencies."
"Were you aware, first, Mr. Rotella, that WaMu employees were cutting corners and even engaging in fraud to meet volume demands?"
"You executed on a bunch of high-risk products."