3 years, 4 months ago
about Washington Mutual Bankruptcy
Does Washington Mutual's bankruptcy have any relation to capital adequacy norms in U.S.?
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The depth of the crisis in the captial markets has revealed that the US standards are too low to fully withstand deposit panic in such deep downturns.
WaMu failed due to a long drawn-out bank run. OTS agents reported $16 billion of withdrawals over 10 days.
WaMu failed due to a long drawn-out bank run. OTS agents reported $16 billion of withdrawals over 10 days.
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