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The decision
- Source :
- Puget Sound Business Journal. Dec 4, 2009, Vol. 30 Issue 32, p1, 4 p.
- Publication Year :
- 2009
-
Abstract
- Reasons behind the regulators' closure of the Washington Mutual (WaMu)bank in September 2008 are discussed. Regulators had explained that WaMu had a deficient liquidity and huge amount of failed mortgage loans. However, WaMu had enough cash and a regulator-checked plan that could have sustained operations at the time of its closure.
- Subjects :
- United States. Federal Deposit Insurance Corp. -- Powers and duties
United States. Office of Thrift Supervision -- Powers and duties
Washington Mutual Bank (Seattle, Washington) -- Organization dissolution
Banking industry -- Organization dissolution
Bank failures -- Public opinion
Banking industry
Business
Business, regional
Subjects
Details
- Language :
- English
- ISSN :
- 87507757
- Volume :
- 30
- Issue :
- 32
- Database :
- Gale General OneFile
- Journal :
- Puget Sound Business Journal
- Publication Type :
- Periodical
- Accession number :
- edsgcl.215288630