Last week on Truthdig Radio in association with KPFK: an indie look at the downfall of Washington Mutual, political surrogacy on the campaign trail, filmmaker Amy Ziering on rape in the military, and youth voter outreach at the world’s largest dance party.
Last week on Truthdig Radio in association with KPFK: an indie look at the downfall of Washington Mutual, political surrogacy on the campaign trail, filmmaker Amy Ziering on rape in the military, and youth voter outreach at the world’s largest dance party.
The FDIC has reached a deal with three of the executives who presided over Washington Mutual’s collapse. The $64.7 million settlement amounts to substantially less than the chief executive alone was paid in the years before his bank set a record for failure.
JPMorgan Chase added to its failed financial behemoth collection by gobbling up the deposits of Washington Mutual, which set a record for the biggest U.S. bank failure Thursday. According to the FDIC and Chase, bank customers have nothing to worry about.