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Senate Investigation Finds Fraud At WaMu

By Jessica Dye (April 13, 2010, 5:17 PM EDT) -- A U.S. Senate subcommittee said Tuesday that Washington Mutual Inc. failed to adequately control and disclose the high risk of default on securitized prime and subprime mortgage loans it sold to investors leading up to its 2008 collapse, the largest bank failure in U.S. history....

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