Our point here is that what we don't want is for people to walk away and say, well, those are yesterday's issues and they have been or will be addressed.

Such an outcome could cause a misstatement of the net worth of the acquiring credit union and we very much support a targeted fix of this problem.

We are focused on doing what is right for the taxpayer. While many of the issues in the report are in the process of repair, I think it is clear that the elephant in the corner, the legacy of that era, is the extensive retained portfolio which ... in our judgment is something that presents systemic risks.

We're very comfortable with it.

Clever people master life; the wise illuminate it and create fresh difficulties.

For them to have to go back in twice, that's not good. At 77, not too many people make a good recovery from a brain hemorrhage. So, it doesn't look very good for him.