The bank was not setup or designed to specifically scam its customers.

You don't seem to understand how fractional-reserve-banking works.

It's the mother of all ponzi-schemes.

Click to watch 28 minutes (or just the first 5 minutes),

Also, most banks have (or should have) deposit insurance which will compensate customers to certain limits, in the event of a bank failure.

None of the customers of Washington Mutual Bank "lost their deposits", those were all transferred to the behemoth Chase Manhattan Bank.

It's the people who had their retirement funds and 401k heavily invested in WAMU STOCK who lost their shirts when it went to ZERO with basically no warning.

This is exactly the type of "investor protection" scenario the FTC uses to justify their existence (oh, we must have someone looking out for investors). AND they just stood by and did NOTHING.