When will First American execs be hauled in before Congress to testify to their collusion with WaMu?
Just a question of time.
Former senior executives of mortgage lender Washington Mutual, the biggest U.S. bank in history to fail, are appearing before Congress on Tuesday for the first time since the bank's September 2008 collapse.
Testifying at a hearing of the subcommittee Tuesday is former Washington Mutual CEO Kerry Killinger.
Was Killinger not one of Parker’s closest colluding conspirator?
Other very close past associates of First American Corporation making the dark side of the news today:
Lehman Channeled Risks Through ‘Alter Ego’ Firm
On Tuesday April 13, 2010, 2:46 am EDT
“It was like a hidden passage on Wall Street, a secret channel that enabled billions of dollars to flow through Lehman Brothers.
In the years before its collapse, Lehman used a small company — its “alter ego,” in the words of a former Lehman trader — to shift investments off its books.
The firm, called Hudson Castle, played a crucial, behind-the-scenes role at Lehman, according to an internal Lehman document and interviews with former employees. The relationship raises new questions about the extent to which Lehman obscured its financial condition before it plunged into bankruptcy.”
“It was like a hidden passage on Wall Street, a secret channel that enabled billions of dollars to flow through Lehman Brothers.
In the years before its collapse, Lehman used a small company — its “alter ego,” in the words of a former Lehman trader — to shift investments off its books.
The firm, called Hudson Castle, played a crucial, behind-the-scenes role at Lehman, according to an internal Lehman document and interviews with former employees. The relationship raises new questions about the extent to which Lehman obscured its financial condition before it plunged into bankruptcy.”
Is this not a ‘Deja vue’ at First American also? Was FAF not caught for setting up and dealing with dummy shadow entities recently? Was this fraudulent modus operandi introduced to FAF by ex Lehman senior exec, Frank McMahon after Frank became a senior exec at the First American Corporation? Are Rotten Apples not all usually found lumped in one same basket?
Note that both of First American’s ex high profile fraudulent business partners are under the spotlight in today’s news!
First American’s long overdue day of reckoning cannot be far away surely!
Birds of a feather flock together… First American deserves to and ought to be the next to be hauled up before Congress and to go down soon!
Birds of a feather flock together… First American deserves to and ought to be the next to be hauled up before Congress and to go down soon!
