TITLE

'Pitiful' OTS Blamed for Wamu's Fall

AUTHOR(S)
Adler, Joe
PUB. DATE
April 2010
SOURCE
American Banker;4/19/2010, Vol. 175 Issue 59, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reviews of an investigation of the U.S. Office of Thrift Supervision and its former director, John Reich, which was conducted by U.S. Senator Carl Levin in 2010. Levin wanted to determine the role that the office played in the failure of Washington Mutual Inc., and during the investigation he indicated that he felt that the office's inability to effectively supervise the bank played a role in its failure.
ACCESSION #
49383725

 

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