P. 1
BofA Moynihan Deposition

BofA Moynihan Deposition

|Views: 7,500|Likes:
Published by caitlynharvey
pdf
pdf

More info:

Published by: caitlynharvey on Sep 20, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

02/27/2014

pdf

text

original

1

BRIAN T. MOYNIHAN - HIGHLY CONFIDENTIAL

2

15: 54: 02

MR. ROSENBERG: Objection to form.

3

15: 54: 02

A. When I talk about the work at

4

15: 54: 04

Countrywide, I'm talking about the million-six

5

15: 54: 07

loans in getting through the process of getting

6

15: 54: 09

that work done. It is takes us $3 billion a

7

15: 54: 11

quarter to do that work. It is a serious amount

8

15: 54: 15

of work and deals with people's lives and we take

9

15: 54: 18

that seriously. That is what we are talking about

10

15: 54: 18

cleaning that up

11

15: 54: 18

Q. You want to clean it up?

12

15: 54: 20

A. We want to clean it up, absolutely.

13

15: 54: 22

Q. And you think it is in the best

14

15: 54: 23

interests of Bank Of America's shareholders to

15

15: 54: 25

clean it up?

16

15: 54: 26

A. It is in the best interests of

17

15: 54: 28

America.

18

15: 54: 35

Q. By paying Assured that didn't help

19

15: 54: 40

any individual homeowners, did it?

20

15: 54: 42

MR. ROSENBERG: Objection to form.

21

15: 54: 44

A. I'm not sure. There were no

22

15: 54: 46

payments to individual shareholders, but there was

23

15: 54: 48

part of getting us to the future of our company

24

15: 54: 51

and move forward. It is all part of the same

25

15: 54: 57

thing.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->