So what were you looking at that would not be inside that OTS 2 rating?
Should we legislate? I am tempted, frankly--and I may do it--to just ban negatively amortizing loans.
Is that in your judgment adequate regulation?
No, but your people--this is the expression.
Thank you both, and thank you for your reports, which, of course, will be made part of the record.
You can't assess the strength of the borrower and that has got to be at the foundation of underwriting, risk assessment, risk management of ...
as a matter of policy, they should have allowed that.
I will correct myself again. I said it was the largest bank failure, and that apparently is true, thrift or otherwise.
You have this procedure here, you have this approach which is anathema to you, one of a number of things which were anathema to you, but the...
I guess one of the issues, obviously the big issue we will be looking at in the next two hearings is the dumping of high-risk loans into the...
There is nothing to prevent them in the rules today.