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Monday, April 19, 2010 - Page updated at 11:39 a.m.

Rewind | Live Blog: WaMu's overseers testify before U.S. Senate panel

When they testified before a U.S. Senate panel Tuesday, Washington Mutual's top leadership spoke publicly for the first time on WaMu's demise. On Friday, the panel's focus shifted to WaMu's regulators.

Seattle Times deputy business editor Rami Grunbaum live blogged Tuesday's hearing and returned for more Friday, when the panel continued its examination of WaMu's downfall.

Read statements from each panelist and watch video of the hearing below. You may also see all exhibits used by the committee (25MB PDF)

The Senate subcommittee explored the role of two bank regulators in overseeing WaMu.

The Office of Thrift Supervision was WaMu's primary federal regulator; WaMu also was the biggest fish in OTS' shrinking pond. The Federal Deposit Insurance Corp. (FDIC) insures the deposits at financial institutions.

First Panel

Jon Rymer

Inspector General, Federal Deposit Insurance Corp.

Read Rymer's prepared statements.

Eric Thorson

Inspector General, Treasury Department

Read Thorson's prepared statements.

Second Panel

John Reich

Former director, Office of Thrift Supervision (WaMu's primary federal regulator)

Read Reich's prepared statements.

Darrel Dochow

Former West regional director, OTS

Read Dowchow's prepared statements.

Lawrence Carter

National examiner (former examiner-in-charge), OTS

Read Carter's prepared statements.

Third Panel

John Corston

Acting deputy director, Large Institutions and Analysis Branch, FDIC

Read Corston's prepared statements.

J. George Doerr

Deputy regional director, Division of Supervision and Consumer Protection, FDIC

Read Doerr's prepared statements.

Fourth Panel

Sheila Bair

Chairman, FDIC

FDIC Statement on WaMu.

John Bowman

Acting director, OTS

Read Bowman's prepared statements.


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