In a slap in the face to American taxpayers, Washington Mutual Inc has sued the FDIC for $13 billion dollars. We should file criminal charges against the officers of these failed banks. Perhaps we could teach them some humility.
Washington Mutual sues FDIC for over $13 billion
NEW YORK (Reuters) - Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co.
In a complaint filed with the U.S. District Court for the District of Columbia, the thrift's former parent accused the FDIC of having on January 23 made a "cryptic disallowance" of its claims, prompting the lawsuit.