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Re: StellarT post# 177854

Saturday, 03/20/2010 2:41:57 PM

Saturday, March 20, 2010 2:41:57 PM

Post# of 731340
Failure of a public company is, in and of itself, not a crime.

In my analogy I did not state, or imply, probable cause as a reason for arrest.

WAMU was seized because the FDIC and, eventually, The OTS were convinced by outside forces that there was a possibility, and only a possibility, not a certainty, of failure.

Subsequent events have indicated that failure was actually unlikely.

IMO
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