02/01/2010
https://www.congress.gov...
"The recent financial crisis was not a natural disaster. It was a man-made economic assault."
"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 over the subprime lending function itself, right?"
"So 132 sampled were identified with red flags, reading from this report, and of that, 115 had confirmed fraud."