SAN DIMAS, Calif.-Just 17 days before a team of NCUA representatives descended on the offices of WesCorp here to place it into federal conservatorship, its CEO, Bob Siravo, was still holding on to the possibility the corporate giant would suffer no investment losses as a result of the mortgage meltdown.

At a special meeting of the WesCorp board of directors on March 3, 2009, Siravo told those attending, "The far outside OTTI possibility" in the WesCorp portfolio "is still zero."

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