The Senate Permanent Subcommittee on Investigations postponed its hearing examining the causes of the financial crisis, specifically focusing on the failure of Washington Mutual.
The hearing, titled "Wall Street and the Financial Crisis: The Role of High Risk Home Loans," was postponed from Thursday to April 13.
The hearing is meant to provide an investigation of Washington Mutual as a case study of risky loans made during the financial crisis.
Former Wamu employees set to testify at the hearing were Kerry Killinger, former president, chief executive and chairman; Stephen Rotella, former president and chief operating officer; David Schneider, former president of home loans; David Beck, former division head of capital markets; Randy Melby, former general auditor; James Vanasek, chief risk officer form 2004 to 2005; and Ronald Cathcart, chief risk officer from 2006 to 2008.
As part of the hearing, the committee will release a report of findings from a yearlong investigation of the lending activity at Washington Mutual. The thrift failed in 2008, and its remains were purchased by JPMorgan Chase & Co.