The $10 Billion WaMu Hot Potato: Who's Going To Face Claims by WaMu Investor Trustee?

, The American Lawyer

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Who is responsible for the $10 billion that investors in Washington Mutual mortgage-backed securities claim they're owed? That's a question now lingering after a recent decision in a lawsuit against JPMorgan and the Federal Deposit Insurance Corporation brought by Deutsche Bank, which is the trustee for WaMu-issued MBS, originally worth $165 billion.

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