Personal Loan

A lawsuit filed last month by the Federal Deposit Insurance Corp. against Washington Mutual Inc.’s former chief executive officer and two of his lieutenants could face a long, difficult slog in court, some attorneys say. “It’s not like the regulators didn’t know what kinds of loans were being made,” one attorney said. A report from the FDIC’s inspector general concluded that while examiners from the Office of Thrift Supervision “identified numerous concerns with WaMu’s high-risk lending strategy,” the regulator’s headquarters rated the bank satisfactory “until WaMu began encountering significant financial losses in 2008.”

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