According to the Wall Street Journal
, the FDIC "has sent letters to former executives of the failed Washington Mutual Bank warning of possible legal action, according to a person familiar with the situation." Insiders say the FDIC will seek more than $1 billion in damages.
It has already been almost 29 months since regulators closed WaMu. It remains the largest bank failure in history. In my post, Two-Year Anniversary of WaMu's Closure
, I reviewed the history of the failure and how depositors were affected.