Sheila Bair, FDIC Chief, Traded Angry Emails With Fellow Regulator Over WaMu Collapse

Dealbreaker published a copy of an August 2008 email OTS Director John Reich sent to Sheila Bair after she emailed him about her desire to "discuss contingency planning" in the event that Washington Mutual experienced "an emergency closing." Elsewhere, Reich wrote that he could not "believe the continuing audacity of this woman," but to her directly, he wrote: