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BullNBear52

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BullNBear52

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Re: boarddork post# 281320

Friday, 03/18/2011 8:59:53 PM

Friday, March 18, 2011 8:59:53 PM

Post# of 728965
Wamu was a crooked bank.

Looks like the FDIC and I are in agreement. Why would the executives named in the lawsuit trander funds into their wives names if they weren't running a house of cards.

When the bubble began to burst, Killinger and former Chief Operating Officer Stephen Rotella were alleged to have quietly transferred their wealth to their wives, in an attempt to put it beyond the reach of creditors.

The lawsuit also named their spouses as defendants, which one attorney who specializes in banking regulatory matters called "really aggressive."

http://finance.yahoo.com/news/FDIC-sues-exWaMu-execs-wives-rb-2479064094.html?x=0&.v=1

This is merely a civil suit. It won't surprise me a bit if the DOJ gets involved as well.

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