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Board Minutes Reveal Rising Worries Among NCUA Board, Concern WesCorp Using a 'Filter'

JUL 23, 2012

Not until Feb. 26, 2009, did discussion about real trouble at WesCorp begin in the NCUA boardroom. That's when it was brought to the board's attention that expected losses at WesCorp were well ahead of the corporate's $2-billion capital position.

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