Well, it took you long enough.
This was not some ordinary institution, by the way. As you know, it is the largest institution that has ever been taken over by FDIC, bank o...
Why can't you tell someone you regulate, 'Folks, you made a commitment 6 months ago, and it was conditioned'?
Well, Rome was burning. The economy was going to Hell in a hand basket.
We followed our normal protocols under the interagency agreement, and on August 14, we sent the OTS a letter.
That interagency position is not binding, is that correct?
On Exhibit 51b, if you will take a look at that exhibit, this is a 2005 memo entitled, 'Insured Institutions' Exposure to a Housing Slowdown...
Is that a fair comparison, given that WaMu's lending practices departed radically from historically safe products and practices?
There is no reason why we can't work together.
I personally think they didn't want us there.
Crystal clear, no participation on any OTS 1 and 2 rates exams.