Relevant:
- Update: Washington Mutual Ousts Killinger; Signs Memo of Understanding with OTS
- JPMorgan Buys WaMu's Deposits as Thrift Is Seized by Regulators
- JPMorgan's $13 Billion Deal With DOJ At Risk Of Collapse: WSJ
- Banks Take Losses on Short Sales as Foreclosures Soar
- Why CEOs Avoided Getting Busted in Meltdown: William Black
2008-04-23 — forbes.com
Besides lawmakers, Washington Mutual lobbied agencies including the Federal Deposit Insurance Corp., the Federal Reserve, the Office of Thrift Supervision, the Office of the Comptroller of the Currency and the Treasury Department.
Not too surprising. Looks like the lobbying has been pretty effective so far -- the only concession borrowers have really won is write-offs for short sales, but that doesn't really cost banks anything. Notably, judges still cannot modify mortgage loan balances in bankruptcy.
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