FDIC, OTS Not Cooperating with Media Investigations

The Puget Sound Business Journal has done yeoman’s work investigating the storied history of WaMu. (See The Rise & Fall of WaMu and The Last Days of WAMU).

I just found their most recent work, The fight for WaMu documents. It details some of the more absurd redactions that were made to the documents they requested of the Office of Thrift Supervision (OTS) under the U.S. Freedom of Information Act (FOIA) regarding communications between WaMu’s regulators.

The redactions were rather absurd:

Bair emails2

Bair emails4

And my personal favorite:

Bair emails5

So much for more transparency under the new Adminsitration . . .


The Rise & Fall of WaMu (February 2nd, 2009)

The Last Days of WAMU (October 1st, 2009)

The fight for WaMu documents
Kirsten Grind
December 11, 2009, 2:28pm PST

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