On the recordApril 12, 2010
Make the loans, package the loans, sell the loans, collect the money, with a small residual for WaMu in terms of risk.
Source
congress.govTom Coburn: “Make the loans, package the loans, sell the loans, collect the money, with a small residual for WaMu in terms of risk.”
Editor's note · Context
Coburn summarizes the profit-driven strategy of WaMu in loan processing.
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