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Post# of 749756
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BigBang

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BigBang

Re: AZCowboy post# 733910

Sunday, 09/08/2024 9:00:21 AM

Sunday, September 08, 2024 9:00:21 AM

Post# of 749756

W]hen the FDIC is appointed receiver of an insolvent bank, it essentially ‘steps into the shoes’ of that bank and assumes control of the bank’s rights and assets

Maybe I “missed” something, however, I believe that WAMU was not insolvent when seized but was strapped for cash which happened to be on its way.
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