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For example, I feel the delinquency charge for prime loans, not for the subprime and even the Alt-A or the more questionable loans, but for prime loans, rose to 6.41 p.c within the second quarter from six p.c, in order that you’re getting supposedly the most effective loans in the house mortgage market at the moment are at these very, very excessive charges of delinquency. In 2003, 70 p.c reported that they had been the topic of an try to intimidate them to inflate appraisal values in that yr alone. JUAN GONZÁLEZ: William Black, I’d prefer to ask you about one other aspect of Lew’s portfolio: his stance on austerity. JUAN GONZALEZ: And William Black, where is the outrage? JUAN GONZALEZ: But William Black, it’s been amply documented the level - the in depth stage of the fraud that occurred on this present crisis. Their weapon of selection is accounting fraud.

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