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Wednesday, May 27, 2009 6:38:53 PM
He even dissed WAMU as though it was worse than those who ran up exotic derivatives into the trillions.
Bair dug in with her statement about the standard they use to close banks. I imagine she is saying that WMB met those standards. I don't know if they did or not. The OTS sheet says they were solvent but obviously that isn't the only condition.
I heard her say banks that can't fund themselves should be closed. So, the TPG money may have actually been the problem!
Thoughts about hamstringing China are not out of line here.
Walrath... are you ready?
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