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  All the banks were bad or even worse then WAMU. But Wamu was picked to fail and not the others...
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koi  
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(1 user)  More options Jul 5, 12:34 pm
From: koi <takamiyada...@gmail.com>
Date: Sun, 5 Jul 2009 09:34:26 -0700 (PDT)
Local: Sun, Jul 5 2009 12:34 pm
Subject: All the banks were bad or even worse then WAMU. But Wamu was picked to fail and not the others...
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Recent interview with acting OTS Director John Bowman..

June 18 (Bloomberg) -- Office of Thrift Supervision Acting Director
John Bowman talks with Bloomberg's Kathleen Hays about the Obama
administration's plan to dismantle the OTS and overhaul the financial
regulatory system.

Lawmakers have criticized the OTS for inefficiencies and lax
examinations that led to the failure of IndyMac Bancorp Inc. and
Washington Mutual Inc., the biggest collapse of a thrift in U.S.
history. (Source: Bloomberg)

03:45 Begins talk about WAMU – “allowed to fail while others were not”

Not sure why, but once I viewed the video, it will no longer allow me
to access it again. But here is the link to article into the
video...if someone can post the video link, would help!

http://www.bloomberg.com/avp/avp.htm?N=video&T=OTS%20Bowman%20Intervi...


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