Lawsuit Blames 3 Executives for WaMu’s Demise

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MORTGAGE EXPERT
6 · 20 · 11

A potential settlement is in the works between the Federal Deposit Insurance Corp. and former Washington Mutual executives Kerry Killinger, Stephen Rotella and David Schneider. The FDIC’s lawsuit alleges that the three executives — who combined earned nearly $100 million between 2005 an 2008 — were responsible for the bank’s failure.

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