Unchecked competition on this basis can place the entire financial system at risk.
Following conversations with banks--where they asked for the removal of somebody from the relationship, did you ever accommodate that?
In 2006, delinquency rates for loans supporting subprime securities were hitting record levels.
the credit rating agencies continued to issue AAA ratings on new subprime RMBS and CDOs in 2007 despite warnings
I believe that attention to market share is one thing we must pay attention to in running the business.
And the great demand for mortgages for that purpose?
So you didn't use the term that they said you used?
This does constitute a 'risk' to ratings quality.
It is so clear, it is so obvious, there is such a fundamental conflict here to me.
Were you aware that there was a large growth in the utilization of interest-only loans during that period?
How about David Bawden?