Washington Mutual seizure was a shot heard around the world.
The Washington Mutual seizure was a shot heard around the world. This event caused untold worldwide distrust of the US Banking system. It eroded people's faith in the markets resulting in record losses for every worldwide stock. Many people took a big "hit" in their retirement plans, which will take countless years to repair. Taxpayers will wind up picking up the bill in the form of the tax write-offs businesses and individuals will undoubtedly have to take. It's time for US citizens to get answers, but all they have gotten from the FDIC and the government to date is "no comment." Taxpayers deserve an explanation and transparency. For this reason and many others, Washington Mutual shareholders demand a full and immediate investigation of ALL parties immediately.