08/02/2009
https://www.congress.gov...
"Many banks try to isolate the risk managers from sales pressures. But at WaMu, the first performance goal for the Home Loans Risk Manager... is growth."
"Were you ever concerned that heavy emphasis on sales with no oversight risk management was problematic?"
"the mistakes didn't have to be made had Congress done its job, and we failed miserably."
"Make no mistake, the collapse of this institution is a very big deal."