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He had been a co-head of Goldman's complex mortgage operations before being named chief operating officer by Paulson.
But Bank of America's large mortgage operations foundered.
He was a skilled manager, and he kept a tight watch over the mortgage operations.
HSBC, the world's third-largest bank, has seen a deterioration across its American mortgage operations.
Yet the latest litigation centers on Bank of America's own homegrown mortgage operations.
Many were in its mortgage operations, which have been hurt by the nation's housing slump.
An official at JPMorgan Chase declined to comment on the shareholders' request for an independent audit of its mortgage operations.
That hearing focused broadly on Goldman's mortgage operations, and the Senate subcommittee released reams of new internal documents from Goldman.
Regulators could have broken up Citigroup and Bank of America, spinning off their mortgage operations into well-capitalized, nimble competitors.
Consider the announcement last week from the E*Trade Financial Corporation about problems in its mortgage operations.
E.D.S. said it would run the Westpac mortgage operations center in Adelaide, South Australia, which handles about 700,000 accounts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com