"Florida, as well--where I did believe there was a significant risk because my belief was that a regional meltdown was possible."
"When Nancy Gonseth came forward with some pretty credible material. Prior to that, it had been largely rumor."
"Would it have been as advantageous as the relationship with Freddie Mac?"
"Because of reckless Federal policies, too many families found themselves locked into mortgages they did not understand."
"I think it is going to be beneficial as we go through the process of all of these hearings in looking at what happened, and why it happened."
"How important was the relationship with Freddie Mac in the bank's decision to Option ARMs?"
"If I were a shareholder in a bank that I became aware had big problems of fraud in its origination process, I would not want to own the shares of that bank."
"Does it strike you as strange that the performance goals for the head of risk management is small risk management but sales volume and profit?"
"What did you intend be bold?"
"Were you ever concerned that heavy emphasis on sales with no oversight risk management was problematic?"
"Well, your company is gone, and for us to get to the bottom of this, we need to know every detail."