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Ex-WaMu execs defend bank's actions before failure [Reuters]

Tuesday, April 13, 2010 - 7:57 PM
From Reuters via Yahoo Finance
A trio of former Washington Mutual officials and a trove of documents on Tuesday portrayed a pattern of breakneck loan-making and alleged fraud at the biggest U.S. bank ever to fail.
WaMu's failure burned shareholders, but it was a non-event for depositors. All deposits were assumed by Chase, and Chase continued all CDs without any rate cuts.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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