what's the likely hood of this lawsuit against former WAMU execs going anywhere? Nil.

From DS news:

> FDIC Said to be Considering $1B Lawsuit Against
Former WaMu Execs

Another lawsuit may join the ranks of suits against banking executives for
their part in the housing collapse. There are reports that the Federal
Deposit Insurance Corporation (FDIC) is said to be considering a lawsuit
against former executives of the now defunct Washington Mutual bank, for
alleged fraudulent lending practices. The government agency may seek up to
$1 billion in damages. The FDIC took control of Washington Mutual and sold
it to JPMorgan Chase for $1.8 billion in 2008.
> > Read More



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