Bank Failure Revisited: Washington Mutual

This one hits close to home. I was a WaMu employee for a total of 5 years, finally losing my job as fallout from the WaMu "bank failure" that occurred in late 2008.

This video points out that, quite possibly, WaMu could have survived on its own and implies that perhaps the FDIC wanted JPMorgan Chase to take over WaMu.

I've had similar suspicions myself, thinking that there was some sort of grudge between Sheila C. Bair of the FDIC and somebody at WaMu. Was it Killinger? Rotella? Who? Anybody?

Who knows? When will the tell-all book come out? After all, this was the biggest bank failure in US history. Somebody smart should have something to say about it.

billspaced

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