Federal Official Confirms Probe Into Washington Mutual's Collapse

The federal government is investigating whether the leadership of shuttered bank Washington Mutual broke federal laws in the run-up to its collapse, the largest in U.S. history. "Due to the intense public interest in the failure of Washington Mutual, I want to assure our community that federal law enforcement is examining activities at the bank to determine if any federal laws were violated," U.S. Attorney Jeffrey Sullivan said in a statement released today. "For more than 100 years,...Full Story
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