Tom Coburn actually said...

"In both of your assessments, as you looked at this and you look at OTS--and this is a huge example of regulatory failure."

"We see over and over again that OTS dedicated a great number of hours and personnel to the supervision of WaMu, yet problems never got truly addressed."

"Was it common practice at OTS to issue recommendations to banks and then simply take their word?"

"Because now we have become criminally negligent if, in fact, we are using selective tools of enforcement for one thrift organization as to another."