Do you know anything about the use of dummies, Ms. Yoshizawa?
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.
Should a CDO which is expected not to perform be given a AAA rating?
Would you all agree with that, it would be riskier if there was no verification of income?
From my personal perspective, it is something that I would have wanted to know, because it is more of a qualitative not a quantitative asses...
Well, that may be what they believed, but I am asking you what should be the case.
I have a Goldman deal with subprime Fremont collateral. Fremont is not performing well.
Take a look at Exhibit 1i.