Monday, April 12, 2010

Senate panel will grill former WaMu execs

The congressional committee that will question former Washington Mutual executives April 13 in Washington, D.C., has also scheduled a hearing examining the actions of the Seattle bank’s federal regulators, according to information released Friday.

The Senate Permanent Subcommittee on Investigations will question the Federal Deposit Insurance Corp. and the Office of Thrift Supervision (OTS) about WaMu’s oversight and the events leading up to its Sept. 25, 2008, seizure and sale to JPMorgan Chase.

A witness list for the hearing, scheduled for 9:30 a.m. Eastern (6:30 a.m. Pacific) on April 16, will be released on April 12, according to the subcommittee.

The hearing will follow the April 13 session, in which the committee will take testimony from top Washington Mutual executives. That hearing is scheduled to begin 9:30 a.m. Eastern (6:30 a.m. Pacific).

Read more: Senate panel will grill WaMu regulators - Portland Business Journal:

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