Wednesday, December 14, 2011

MOTU CRIMINALS HAVE INSURANCE

This is one reason we need to have the MOTU do some long time (10-20) for their criminal actions.
FDIC settles with former WaMu execs
Tue Dec 13, 2011 4:02pm EST
REUTERS

The settlement, announced by Federal Deposit Insurance Corp officials on Tuesday, is part of efforts by the agency to sue former banking executives to recover funds from a rash of bank closures.

But the Washington Mutual settlement will largely be paid out of the company's remaining professional liability insurance, not out of the executives' own pockets.

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