Friday, July 14, 2023 4:02:29 PM
U.S. BANKRUPTCY JUDGE FOR THE DISTRICT OF DELAWARE
before
UNITED STATES HOUSE OF REPRESENTATIVES
COMMITTEE ON THE JUDICIARY
SUBCOMMITTEE ON REGULATORY REFORM,
COMMERCIAL AND ANTITRUST LAW
"In contrast, FDIC proceedings are cloaked in secrecy. The
seizure of the bank, and sale of its assets, occurs entirely in
the dark. This inevitably gives rise to a feeling that there is
something to hide. Secrecy never instills confidence in the
process."
https://docs.house.gov/meetings/JU/JU05/20170323/105758/HHRG-115-JU05-Wstate-WalrathM-20170323.pdf
Even THJMW did not have all the info from FDIC, but probably there were secret agreements made between parties, only can be revealed at the closure of wamu receivership,IMO.
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