Political Quotes

Carl Levin: “Is it fair to say that WaMu was not particularly worried about the risk associated with Long Beach subprime mortgages…”

On the recordApril 12, 2010
Is it fair to say that WaMu was not particularly worried about the risk associated with Long Beach subprime mortgages because it sold those loans and passed the risk on to investors?
Said by
Carl Levin
Democratic · Michigan

Editor's note · Context

Levin questions WaMu's concern over risks from subprime mortgages.

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