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.
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.
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