Posted on 12/14/2009 6:02:25 PM PST by FromLori
The Puget Sound Business Journal for months has asked the Office of Thrift Supervision (OTS), the federal agency that regulated Washington Mutual, to release internal communications between WaMu's regulators.
The newspaper made its requests under the U.S. Freedom of Information Act, the decades-old law that requires federal agencies to disclose public documents. Of particular interest were internal emails, which could help explain why regulators seized the bank in September 2008 even though WaMu appeared to meet regulatory standards for operating banks, despite its burden of bad loans. (You can read the second installment of our six-month investigation about that decision here. The first in the series, about the bank's final days is here.)
(Excerpt) Read more at seattle.bizjournals.com ...
ping
Wait until you see these all blacked out ZERO info.
Been doing lot of work for Chase in old WAMU locations -
helping me survive Obamaism.
Chase spending lot of coin updating WAMU banks - frankly
most of them were dumps....
Glad to hear you have the work.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.