Stated income is probably not right.
I think your folks did have knowledge of it long before today.
I cannot believe the continuing audacity of this woman.
There has to be a right way to handle them.
They can point to them when they come to telling the folks they are supposed to regulate, Hey, this is the law, we are going to enforce it.
They were ineffective.
I think the American taxpayers and the American people expect a lot more from their regulators than what we have seen in this situation.
All right. The IG report... found that Option ARMs were 47 percent of the loans in WaMu's portfolio.
Was it important in order for you to have a basis that you have access?
That is the kind of bureaucratic speech which I think sends the message to people you regulate.
I should not have to remind you the FDIC has no role until the PFR (the primary regulator) rules on solvency.