_d-c-hearing-on-circumstances-that-led-to-largest-ever-bank-failure-us-loan-auditors-blog.jpg "D.C. hearing on circumstances that led to largest-ever bank failure (US Loan Auditors Blog) from said benefits rates Video Screenshot Preview")
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⏲ Duration: 1 min 56 sec
✓ Published: 15-Apr-2010
✓ Published: 15-Apr-2010
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WASHINGTON - A trio of former Washington Mutual officials and a trove of documents on Tuesday portrayed a pattern of breakneck loan-making and alleged fraud at the biggest U.S. bank ever to fail.nnFormer CEO Kerry Killinger defended WaMu’s actions at a Senate hearing and insisted the government should not have seized it at the height of the financial crisis in September 2008.nnKillinger argued that WaMu had adequate capital and shouldn’t have been shut down and sold for a “bargain” price
WASHINGTON - A trio of former Washington Mutual officials and a trove of documents on Tuesday portrayed a pattern of breakneck loan-making and alleged fraud at the biggest U.S. bank ever to fail.nnFormer CEO Kerry Killinger defended WaMu’s actions at a Senate hearing and insisted the government should not have seized it at the height of the financial crisis in September 2008.nnKillinger argued that WaMu had adequate capital and shouldn’t have been shut down and sold for a “bargain” price
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