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Bm Deposition

Bm Deposition

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Published by: Foreclosure Fraud on Nov 27, 2012
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11/06/2013

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BRIAN T. MOYNIHAN - HIGHLY CONFIDENTIAL

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16:27:15

A. Sir, we could go back over all of

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16:27:17

that. The answer is we -- the record speaks for

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16:27:20

itself. We entered into a settlement with

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16:27:22

Assured.

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16:27:23

Q. I know you settled with Assured.

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16:27:25

I'm trying to find out if you felt you were paying

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16:27:27

a legitimate claim at that time?

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16:27:29

MR. ROSENBERG: Objection to form.

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16:27:31

A. We settled a bunch contracts with

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16:27:33

them. They are very different obligations and

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16:27:34

that is what we did.

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16:27:45

Q. As far as you personally were

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16:27:47

concerned, that represents your views throughout

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16:27:52

the time that you had any responsibility for this

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16:27:55

sort of thing; is that right?

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16:27:56

MR. ROSENBERG: Objection to form.

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16:27:58

What represents?

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16:27:59

A. My view is that we, based on all

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16:28:03

the assessment of all the things that we look at,

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from the validity of claim, from who is making a

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16:28:07

claim, from a legal entity, all of that stuff we

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look an, and then we make a decision. And that

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decision a based on advice of our counsel in terms

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what we settle and what we don't in our decision.

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