Coburn continues the discussion initiated by Heitkamp.
09/18/2013
https://www.congress.gov...
Well, your company is gone, and for us to get to the bottom of this, we need to know every detail.
Many banks try to isolate the risk managers from sales pressures. But at WaMu, the first performance goal for the Home Loans Risk Manager......
Were you ever concerned that heavy emphasis on sales with no oversight risk management was problematic?
Make no mistake, the collapse of this institution is a very big deal.