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Real Estate & Property Law

: Housing Wire

WaMu Holding Co. Sues FDIC

By PAUL JACKSON

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(Update 1) Here’s a twist on government bank seizures: the holding company for Washington Mutual is suing the Federal Deposit Insurance Corp. for more than $13 billion in damages, alleging that the bank regulator violated the bank holding company’s rights in forcing the sale of banking assets to JP Morgan Chase & Co. (JPM: 23.15 -7.21%) [...]

Full post as published by Housing Wire on March 21, 2009 (boomark / email).

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