SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM conformedcomplaint “They focused on short-term gains to increase their own compensation, with reckless disregard for WaMu’s long-term safety and soundness,” the agency said in the 63-page complaint. “The F.D.I.C. brings this complaint to hold these highly paid senior executives, who were chiefly responsible for WaMu’s higher-risk home lending program, […]

Tags: administrative action, BURDEN OF PROOF, Chase, David C. Schneider, disclosure, F.D.I.C., foreclosure defense, foreclosure offense, fraud, Kerry K. Killinger, predatory lending, prima facie case, rescission, securitization, Stephen J. Rotella, WAMU, Washington Mutual
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