Comments on: Westsound Bank’s Failure Will Cost $106.4 Million http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/ Daily updates on the local economy, the latest reports and trends that affect us, stories, events and columns. Join the conversation with Kitsap Sun reporter Rachel Pritchett. Thu, 17 May 2012 22:30:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Karen http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/comment-page-1/#comment-3553 Karen Fri, 11 Dec 2009 01:07:15 +0000 http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/#comment-3553 http://securities.stanford.edu/1038/WSFG_01/2007118_o01c_0705618.pdf http://securities.stanford.edu/1038/WSFG_01/2007118_o01c_0705618.pdf

]]> By: rachel pritchett http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/comment-page-1/#comment-3549 rachel pritchett Thu, 10 Dec 2009 22:46:04 +0000 http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/#comment-3549 Karen, My hands are tied until if and when charges are filed in court or other penalties are handed down from the government overseers. If it were a fine, though, it would have happened by now. I'm told that any more serious process takes quite a while, sometimes a year. Until that happens, it would be dangerous speculation. Rachel Pritchett Karen,

My hands are tied until if and when charges are filed in court or other penalties are handed down from the government overseers. If it were a fine, though, it would have happened by now. I’m told that any more serious process takes quite a while, sometimes a year. Until that happens, it would be dangerous speculation.

Rachel Pritchett

]]> By: Karen http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/comment-page-1/#comment-3547 Karen Thu, 10 Dec 2009 22:37:45 +0000 http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/#comment-3547 Doesn't DA Davidson & Co share some of the blame for this? I don't see where they are mentioned by name in the audit or in either of your stories, but they are the investment bank that handled the IPO in 2006. Doesn’t DA Davidson & Co share some of the blame for this? I don’t see where they are mentioned by name in the audit or in either of your stories, but they are the investment bank that handled the IPO in 2006.

]]> By: rachel pritchett http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/comment-page-1/#comment-3544 rachel pritchett Thu, 10 Dec 2009 21:07:44 +0000 http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/#comment-3544 Right you are, my friend, and they're not happy about it. Rachel Right you are, my friend, and they’re not happy about it. Rachel

]]> By: Duff http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/comment-page-1/#comment-3543 Duff Thu, 10 Dec 2009 21:03:40 +0000 http://pugetsoundblogs.com/kitsapbusiness/2009/12/10/westsound-banks-failure-will-cost-taxpayers-106-4-million/#comment-3543 I believe the FDIC is funded entirely by participating banks - it does not collect tax payer dollars. I believe the FDIC is funded entirely by participating banks – it does not collect tax payer dollars.

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