I wish I had the recording of David Faber on CNBC stating that the FDIC was shutting down WAMU because it was one of the last massive THRIFTS under the control of the OTS, which was to be shut down as a result.
OTS was not a party to the bankruptcy. We filed a claim against the FDIC C and R. JPM etc. OTS was the regulator who was forced to seize WAMU against their wishes. They didn't do anything wrong, so they were never sued by WMI, therefore no release was needed.
All signed releasss werefor Civil Matters only. No Criminal. Only the DOJ can give a criminal release.
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