Sherrod Brown

I mentioned in my opening statement about 870,000 veterans in Ohio, not many more than half can Ohio State government actually identify by name and location and all of that.

I do not really even know what to recommend on this.

Outreach cannot be solely a VA issue. It has to be the responsibility of all of us.

Similar to what Senator Warren described.

Your job is to help the Government get to the bottom of this, as Senator Warren suggests.

What is ironic here is--maybe it is not ironic. What is illustrative, perhaps, is that the private sector trade association, the professional association AICPA, has very specific, strict standards on behavior and qualifications and all…

We had, you know, regular meetings with the OCC and the Fed.

That is almost an automatic inherent conflict of interest.

I do not believe that our adhering to our professional standards puts us at a competitive disadvantage. In fact, I believe it enhances our competitive advantage.

I think, from the outset, what we heard from them was that our priority should be doing the job right and not to worry about the time table, and let them know if we needed an extension.

We do not expect pristine here. That sounds too difficult.

At what point did you realize there might be a problem with the IFR process?

I think, importantly in the Foreclosure Review, we made it very clear that our client principally was the regulators.

The problem here that I do not think anybody has really gotten their arms around is that these--that you work for the banks.

If a consulting firm has repeatedly been at the scene of a crime, what would it take before they are viewed as not qualified?

Thank you, Senator Warren. We will do a second round.

So we had an ongoing dialogue with the regulators throughout the process, as they acknowledged in the first panel.

What if they underestimated the value of an institution's money laundering transactions by $250 billion?

I guess I would say, at the outset, we did not really know what the process was going to be.

Did you think that was attainable?

Thank you for your patience, and thank you especially to the second panel for waiting around while Senator Warren and I voted.

So at some point, we will know what each of these seven firms was paid?

You are still in an evaluative stage on whether you are going to write standards for the future?

But if you are the bank and you have realized you have spent, pick a number, $328 million or $90 million----

That speaks of, did that money come out of the settlement?