There's a consensus among regulators that we need to be working on this.

Borrowers are going for the ARMs because they can qualify for a slightly bigger mortgage. There are a lot of issues to be addressed there.

We have seen the mass marketing of these loans and the growth of these loans and determined it was appropriate for us to take a closer look.

We tend not to mandate things.

We try to target our examinations to the specific activities of an institution and those that represent heightened risk for the institution.

The Englishman, as an American observed, felt himself the best-governed citizen in the world, even when in opposition he believed the incumbents were ruining the country.