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Congress Investigating Wamu Failure

Well, it's about time.

" FDIC's Wamu role under investigation by Senate subcommittee"

Imagine if perfectly solvent and liquid Goldman Sachs and Morgan Stanley were declared failures, taken over, and sold in a fire-sale because the Fed thought they were going to tank after Lehman collapsed.

If you were an investor in any company, be very afraid because one day, such travesty will happen to you if justice is not served in the Wamu seizure.

Please watch the interview with Kirsten Grind in the video below.  She is the journalist who has written several excellent and in-depth articles covering Wamu's so-called failure.  Her reports described in detail the despicable and reckless roles government regulators had played in the bank's demise, which led to thousands of jobs lost and billions of investments wiped out.