Levin questions the intent behind the changes in marking losses.
03/14/2013
https://www.congress.gov...
So it wasn't just a matter of there wasn't adequate time. Now you are protecting the analyst from abuse, is that it?
I have been a mortgage broker for the past 13 years and I have never seen such a lack of attention to loan risk.
It was also a resource issue, is that correct?
The answer is here from a supervisor, it doesn't make any difference that their collateral is not performing well.