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.

OTS relied largely on WaMu management to track progress in correcting examiner-identified weaknesses

So there was no secondary follow-up by OTS to changes that were requested by OTS.

Where was the Congress in looking at OTS? What was the last time Congress did an oversight hearing on the effectiveness of the OTS or the FD...