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	<title>Money Hacks &#187; FDIC</title>
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		<title>Bank Failure Revisited: Washington Mutual</title>
		<link>http://www.money-hacks.com/2944/bank-failure-revisited-washington-mutual/</link>
		<comments>http://www.money-hacks.com/2944/bank-failure-revisited-washington-mutual/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 05:20:25 +0000</pubDate>
		<dc:creator>billspaced</dc:creator>
				<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Mortgage Meltdown]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[JP Morgan Chase]]></category>
		<category><![CDATA[WaMu]]></category>
		<category><![CDATA[Washington Mutual]]></category>

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This one hits close to home. I was a WaMu employee for a total of 5 years, finally losing my job as fallout from the WaMu &#34;bank failure&#34; that occurred in late 2008.
This video points out that, quite possibly, WaMu could have survived on its own and implies that perhaps the FDIC wanted JPMorgan Chase [...]]]></description>
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</script></div><p>This one hits close to home. I was a WaMu employee for a total of 5 years, finally losing my job as fallout from the WaMu &quot;bank failure&quot; that occurred in late 2008.</p>
<p>This video points out that, quite possibly, WaMu could have survived on its own and implies that perhaps the FDIC wanted JPMorgan Chase to take over WaMu.</p>
<p>I&#39;ve had similar suspicions myself, thinking that there was some sort of grudge between <a href="http://www.fdic.gov/about/learn/board/board.html#bair">Sheila C. Bair</a> of the FDIC and somebody at WaMu. Was it Killinger? Rotella? Who? Anybody?</p>
<p>Who knows? When will the tell-all book come out? After all, this was the biggest bank failure in US history. Somebody smart should have something to say about it.</p>
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