OTS had a signed MOU with WaMu just weeks befor it closed WaMu!
By August 25, 2008, WaMu’s attorney and OTS had informally reached agreement on the terms of the MOU and were waiting for final execution of the MOU. However, it was not until September 7, 2008, that OTS signed the MOU. A week later, WaMu was placed into receivership. The MOU was therefore obviously ineffective.
See pgs. 13-14 of Inspector General Thorson's testimony at link below;
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