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Senators criticize WaMu regulators WASHINGTON -- Arguing that bank regulators played a crucial role in creating the conditions for financial crisis, a Senate panel Friday blasted officials for lax oversight, infighting and inaction before the largest bank failure in U.S. history. Lawmakers on the Permanent Subcommittee on Investigations directed withering criticism at officials from the Office of Thrift Supervision, the main regulator of Washington Mutual Inc. They demanded to know why OTS leaders gave executives at WaMu years to correct glaring problems.
WASHINGTON - The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was collapsing.
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SEATTLE--(BUSINESS WIRE)--June 27, 1997--Washington Mutual Inc. (Nasdaq: WAMU) announced today that the merger of the company and Great Western Financ...
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Business Editors
SEATTLE--(BUSINESS WIRE)--Jan. 22, 2001
Washington Mutual, Inc. (NYSE:WM) today announced that the Office of Thrift Supervision h...
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... regulate such matters" in the face of the Office of Thrift Supervision's clear intent to occupy the...
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... rather than Chapter 11. As a result, Washington Mutual Bank—the largest failed savings and loan ... placed into FDIC receivership by the Office of Thrift Supervision. However, Washington Mutual...
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... as Receiver for Washington Mutual Bank F.A.;. SHAPIRO & KREISM... entered judgment in defendants' favor, the Office of Thrift Supervision closed Washington Mutual and...
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By Angela Carter Register Staff acarter@newhavenregister.com
A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation's payrolls by a net total of 95,000 jobs.
... and Lehman Brothers' bankruptcies and the Office of Thrift Supervision's seizure of Washington Mutu...
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... the major profit driver for banks and thrifts. So how has the Pasadena savings bank pulled it of... of failed institutions, including Washington Mutual, which was bought by JPMorgan Chase & Co., ...William Ruberry, a spokesman for the Office of Thrift Supervision, said the agency does not co...
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... ACTING DIRECTOR, OFFICE OF THRIFT SUPERVISION. FDIC INSPECTOR GENERAL JON ... this week, our first hearing used Washington Mutual Bank, WaMu, as a case history to illustrate...
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The Obama administration will propose a new agency to protect consumers from the kinds of lending abuses that led to the collapse of financial markets worldwide, while consolidating the supervision of big banks under one agency in a regulatory overhaul plan to be announced Wednesday.
President Obama will propose consolidating the consumer protection functions of the Federal Reserve Board and other federal agencies into the Consumer Financial Protection Agency (CFPA), which will regulate consumer lending throughout the United States, guided by the principles of transparency, simplicity, fairness, accountability and access, senior administration officials said Tuesday on the condition of anonymity.
...The plan would eliminate the Office of Thrift Supervision, whose lax regulation of Couuntrywide, Washington Mutual and other failed mortgage lenders is blamed in par...