Read below an excerpt from the article..you think the sub committee wants to pin anything on the government? LOL
Nope..the government does no wrong. Only the little guy does wrong...right? The sub comittee investigation (unless I'm totally offbase) could do more to hurt our case then help it..
<"I think they want to do with Washington Mutual kind of what they did to Enron," said Lara Brown, a political scientist at Villanova University, referring to the last big financial scandal the subcommittee examined.
One former lobbyist, who spoke on condition he not be identified, said the investigations subcommittee is known as a tough place to testify.
"They can be brutal," he said.
Killinger and Rotella may try to argue that WaMu was on the mend when it was taken over, though regulators likely would contest any such claim during Friday's follow-up hearing.
Subcommittee chair Levin has made clear his goal for the WaMu hearings, as well for two subsequent sessions planned for later this month: "building better defenses to protect Main Street from the excesses of Wall Street.">
Excesses of Wall Street? WAMU defined as such? LOL... How about the rampant ego driven "crap on the little guy" attitude that has ruined Wall Street...and in turn the average Joe that goes to work every day and trusts... (use to trust), that his investment at least stood a 50/50 chance of going somehwere other than the toilet!
Nope...this is going to be a battle...They will never admit their wrongdoings against WAMU..The crooks JPM and the FDIC will have to be bent over before they give in and it seems that Wall Street allows such criminal activity to bring down anyone at their insistance.
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