The other thing, and one that I think you all are dealing with in the regulatory reform, is the fact that you are not doing the borrower any favor here, either.
Did you have trouble, both of you, tracking OTS' findings and whether WaMu implemented them?
the culture is set at the top, and this culture here was that these banks are constituents.
Is there now significant proof that stated income and NINA loans are risky loans?
This is the second in a series of four Subcommittee hearings examining some of the causes and consequences of the 2008 financial crisis.
You should know why.
Now, it was the Option ARM loans in 2008 that was one of the major reasons that investors and depositors pulled their money from the bank.
That could come back again.
Has the guidance been followed?
Just to make sure I understand that, that is why--what you just said is the access to their information was more critical.
But the output, the outcome.