Make the loans, package the loans, sell the loans, collect the money, with a small residual for WaMu in terms of risk.
I would ask unanimous consent for Senator Collins' opening statement to be placed in the record.
But you did see it happening?
In an organization as large as Washington Mutual, with the incentive system constructed as it was, that rewarded growth ...
There is no question in what Senator Levin had laid out that there, in several of the offices of WaMu, especially in Dow...
Would you think that would be important to Board members, to understand that 73 percent or 53 percent of the loans didn'...
In hindsight, it looks like this was systemic activity.
So no proof of income, just a statement of income?
In other words, there would be a geographical difference?
Florida, as well--where I did believe there was a significant risk because my belief was that a regional meltdown was po...
When Nancy Gonseth came forward with some pretty credible material. Prior to that, it had been largely rumor.