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Bailout

: Calculated Risk

Report: FDIC plans to sue former WaMu execs for over $1 Billion

By Anonymous

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From Kirsten Grind at the Puget Sound Business Journal: FDIC to seek $1B from former WaMu execs
The Federal Deposit Insurance Corp. plans to file a civil suit against at least three former Washington Mutual executives, including former chief executive Kerry Killinger, seeking to collect more than $1 billion in damages ...
This dwarfs the $300 million lawsuit against IndyMac executives filed last year.

Full post as published by Calculated Risk on February 19, 2011 (boomark / email).

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