Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
WASHINGTON - Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a "mortgage time bomb" in its quest for profits.
In prepared testimony before the Senate Permanent Subcommittee on Investigations, Killinger said that, while the company suffered from rising loan losses, it was working its way through the financial crisis.
how do you get the FED (bernanki...et al) seisure of wamu...to equate to bush.......the fed is a PRIVATE FOREIGN COMPANY
Perhaps because the OP understands the difference between the Federal Reserve, which didn't seize Washington Mutual, Inc, and the United States Treasury's Office of Thrift Supervision (OTS), which did?
Location: The Chatterdome in La La Land, CaliFUNia
39,031 posts, read 23,016,954 times
Reputation: 36027
Quote:
Originally Posted by kerrymac
Bush..again.....LOL
Umm plz stop...Obama is Pres. for over a yr already.
Stop trying to mudding the waters!
I read an article on this very subject just yesterday so I think this is a valid discussion. As a former WaMu customer, I'm grateful that the OTS stepped in as it does not appear that the bank was looking out for its customers best interest and I shudder to think of losing my money had the bank failed.
how do you get the FED (bernanki...et al) seisure of wamu...to equate to bush.......the fed is a PRIVATE FOREIGN COMPANY
The same way people draw lines to any president when things happen when they are in office.
Besides, WaMu was now seized by the Federal Reserve, but by federal regulators, - FDIC, and US Treasury which operate under the jurisdiction of the Federal government. It is silly to suggest that presidents don't have any say in anything.
Umm plz stop...Obama is Pres. for over a yr already.
Stop trying to mudding the waters!
Yes, I know Obama is president now, but since this happend in 2008 it is increasingly difficult to blame it on him. What else are you going to blame on Obama? The great depression?
WASHINGTON - Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a "mortgage time bomb" in its quest for profits.
In prepared testimony before the Senate Permanent Subcommittee on Investigations, Killinger said that, while the company suffered from rising loan losses, it was working its way through the financial crisis.
Its even sillier to think presidents have a say in everything..
Maybe that's why no one has made such claim.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
