Washington Mutual announces Memorandum of Understanding with the Office of Thrift Supervision

``In addition to naming a new CEO, WM also announced that it has entered into a Memorandum of Understanding (MOU) with the Office of Thrift Supervision (OTS) concerning aspects of the bank's operations, principally in several areas of its risk management and compliance functions... In addition, WaMu has committed to provide the OTS an updated, multi-year business plan and forecast for its earnings, asset quality, capital and business segment performance'' -- Ruh-roh...