Carl Levin actually said...

"So that was a higher interest rate there, as well?"

"During these years, WaMu cut back on its loan originations overall, but while cutting back, it also changed the mix from lower- to higher-risk loans."

"The overall system of credit risk management activities and processes exhibits weakness and/or has deficiencies related to multiple business activities."

"Basically they did not want to slow down loan production."