And we said, yeah, you're absolutely right, and we drove those liar's loans out of the industry in 1990 and 1991, but we could only deal with the industry we had jurisdiction over, which was savings and loans, and so the biggest and the baddest of the frauds, Long Beach Savings, voluntarily gave up its federal savings and loan charter, gave up federal deposit insurance, converted to become a mortgage bank for the sole purpose of escaping our jurisdiction, and changed its name to Ameriquest, and became the most notorious of the liar's loans frauds early on, and to add to that, they deliberately predated upon minorities.
E nós dissemos: "Têm toda a razão. "Nós acabámos com esses  empréstimos sem garantias "na indústria, em 1990 e 1991". Mas só pudemos fazê-lo nas indústrias sobre as quais tínhamos jurisdição, que eram as das poupanças e empréstimos. Por isso, na maior e na pior das fraudes, a Long Beach Savings,  abdicou voluntariamente do seu alvará federal  de poupanças e empréstimos, abdicou do seguro de depósitos federal, transformou-se num banco de hipotecas com o único objetivo  de fugir à nossa jurisdição e mudou o nome para Ameriquest. Em breve passou a ser  a fraude mais famosa dos empréstimos sem garantias. E, a somar a isto tudo, espoliaram deliberadamente as minorias.