Former Washington Mutual executives answered tough questions Tuesday at the nation's capitol. They explained to a Senate subcommitte why they made such risky loans, which led to the company's collapse.
Former president and CEO Kerry Killinger was paid more than $25 million to walk away in 2008. He told lawmakers the company was looking to sell before the government took over.
Committee head Senator Carl Levin said he's so upset, that after the hearings are complete, he'll turn information over to the Justice Department to look into criminal charges.
Puget Sound Business Journal reporter Kirsten Grind has been following the hearings in Washington, D.C., and shares her analysis with NWCN's Shaniqua Manning.
For more information:
*Puget Sound BizTalk - Kirsten Grind's blogs on WaMu hearings
*More Puget Sound Business Journal coverage on Washington Mutual
