Carl Levin

Home Loans Risk Mitigation generated alerts that identified patterns of fraudulent loan practices and provided remediation recommendations that were not acted upon by [Home Loans] Senior Management.

Mr. Schneider was certainly concerned with the issues.

The events of 2007 were covered in the 2008 report that we are looking at.

Now, this high-risk strategy of WaMu, the shift from low risk to high risk, was first implemented in 2004.

I was deeply concerned to the point where there was no question that this had to be escalated up to the Audit Committee.

That is called a high risk to the business unit. Is that correct?

Had there been a surge of loans that had to be repurchased as well?

The recent financial crisis was not a natural disaster. It was a man-made economic assault.

Based on the consistent and pervasive pattern of activity among these employees, we are recommending firm action be taken.

At least that was the goal.

And then the risk, therefore, would be passed on to the purchasers. Is that correct?

Long Beach represents a real problem for WaMu.

And did it find that Long Beach had weak controls over the loan approval process?

And the push to increase loan volume made things worse?

LBMC [Long Beach] experienced a dramatic increase in EPDs [early payment defaults] during the third quarter of 2005.

Extreme greed was the driving force, and it will happen again unless we change the rules.

The full range of life extension options should be studied, but that in deciding which life extension option should move to the engineering phase, the Nuclear Weapons Council (NWC) should give strong preference for refurbishment or reuse.

They are threatening the security of our own troops in a whole host of ways.

They're creating huge problems for us. They threaten our security in very real ways.

Robert C. Byrd was a member of this committee for nearly 3 decades.

I think any effort to connect that failure on the part of the Dutch to the fact that they have homosexuals... is totally off target.

I think the burden to maintain a discriminatory policy is on the people who maintain the policy, not on the people who want to end it.

General Moore, General Fraser, head of the Air Force's Air Combat Command (ACC), has been quoted as saying that he could be forced to delay the Air Force's IOC date by 2 years or more, based not on delayed aircraft deliveries, but based on…

Even under the last announced F-35 schedule, the Services were already anticipating sizeable force structure gaps.

Secretary Carter, the IMRT highlighted a concern about a lack of consistent Defense Contract Management Agency (DCMA) engagement across the contractor sites.