http://www.usatoday.com/money/industries/banking/2010-04-12-wamu-mortgage-fraud_N.htm
Now if you or I had committed the act of fraud, there would be no possibility of a decision for referral it just automatically happen.
Senate investigators say they found that the mortgage lending operations of Washington Mutual, the biggest U.S. bank ever to fail, were threaded through with fraud.
And the bank's own probes failed to stem the deceptive practices, the investigators say in a report on the 2008 failure of WaMu.
Chairman Carl Levin says the panel won't decide until after the hearings whether to make a formal referral to the Justice Department for possible criminal prosecution.
