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Senate Asks FDIC for WaMu Documents

Starke believes Washington politicians and regulators will be hesitant to reward vulture investors who have bought WaMu securities on the cheap following its 2008 bankruptcy. However, he told TheStreet by phone that many WaMu shareholders and bondholders remain who purchased the securities before the company was seized and are sitting on considerable losses.

-- Written by Dan Freed in New York.

Read More:

Sheila Bair's puzzling WaMu comments.

A financial scandal for 2010?

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