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Re: uzualsuzpect post# 229820

Sunday, 08/15/2010 3:04:34 PM

Sunday, August 15, 2010 3:04:34 PM

Post# of 725127
No, the FDIC can not point the finger at OTS. The OTS told the FDIC that WMI was solvent according to various reports including the senate inquiry. This is truly a smoking gun. IMHO as always.

http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052702303491304575187930417223418.html

http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=201004161448dowjonesdjonline000721
In July, Bair said that the two agencies again disagreed, this time over whether whether to downgrade WaMu's safety and soundness rating. When the disagreement was discussed in September 2008 by the FDIC board, Bair said the OTS "strongly disagreed" with the downgrade but that they relented and lowered WaMu's rating to the same level as the FDIC's assessment.
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