I am sure it is, but were you aware of it? That is my question.
Those are higher-risk products. That is November 2007.
But yet you hired Goldman Sachs in the end to help you out, is that correct?
Those Option ARMs... now have a delinquency rate of more than 50 percent, which means more than half of the underlying loans are now delinqu...
You should have been disturbed by what you heard here today, OK?
I think, Mr. Killinger, in your opening statement, you made reference to Wall Street's growing appetite for these products.
Do you remember those problems at Long Beach in 2003, Mr. Killinger?
It is very clear, you should have been disturbed by that.
Would you have made that inquiry or thought it ought to be made?
Some of the other products being high-risk products.
Do you remember a discussion about delinquencies and that being a reason why you had better get rid of Option ARMs quickly?