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FortWayne
2011 Mar 17, 7:48am
FortWayne
2011 Mar 17, 7:48am
I have serious doubts anyone will be prosecuted here. I've seen so many of these lawsuits lately end up with a slap on the wrist and not much more.
I remember though WaMu is the only bank that didn't get bailed out. Not sure if these guys are simply not part of the inner circle.
A U.S. government regulator sued three former top executives at Washington Mutual Bank for their role in the biggest bank failure in the nation's history, accusing them of recklessly making billions of dollars in shoddy home loans.
The three "gambled billions of dollars of WaMu's money," the Federal Deposit Insurance Corp said in its lawsuit, accusing the trio of getting rich while betting the savings and loan's future on high-risk home loans.
http://www.huffingtonpost.com/2011/03/17/wamu-execs-sued-by-fdic-o_n_837238.html