Kath H.

Hey, Congress, Guess What? WaMu's Toast

Why was it taken over? There was no run on deposits. Perhaps the reason for the takeover was very weak, and the takeover was just to scare everyone to back this phony 700 billion dollar bailout.

Why aren't these FDIC takeovers reviewed by the courts? Stockholders and bondholders of WaMu should demand such a judicial review.