I vent…WAMU sure the hell did….and the Senate Comm. that ‘investigated ‘ WAMU after the so called purchase..( Did Chase ever really purchase and sign agreement with FDIC….last I read they had not) Sen. Levin (MI) said there was fraud in WAMU’s dealings…and the top executives ALL knew about it and did nothing…I really don’t think there was one area from before the closing till WAMU was put to pasture…..that did not have fraud. Even mortgage brokers were crooked..plain out liars..figures changed…….they stuck it to everyone…the ARM’s was the big fraud in 2003 and on…..But WAMU WAS KING OF FRAUD…..Sure it was a giant PONZI scheme…..they would not let the underwriters even check the info on the applications…one gal who tried to do the right checking was told not to even check anything..it was a waste of time….just sign and pass the mortgages on..speed was the money maker….that was because the loans were wrote so that they all would default in a few years….according to the prospectus .the notes were kept by WAMU…and not stamped….not given to the trust…no assignments done…and it said to go to the PSA Schedule E for mortgage listings…all information needed is there..OK..so that I did….and I went thru 13 different pool and Service Agreements..from March 2003 on.and not one had any mortgages listed in the Schedule E…..The PSA said the mortgages were “deliberated omitted.”……WTF…OH YA….My daughter has found fraud from the BROKER to WAMU TO THE CLOSING TITLE CO. and from there on…. A nightmare….So of course big bonus, big trips, big gifts were given according to how high a risk one could pull on a borrower..WAMU made out like a bandit….or should I say a PONZI CRIMINAL…and as far as I am concerned all employees HAD to know of the fraud…money was flying freely…and talk does spread.

LOL