WaMu Built an Empire on Bad Loans

On lending, the panel alleges that executives at failed thrift Washington Mutual Inc. dumped its bad loans on clients while misleading. were hamstrung by a system that has a built-in conflict of.

So, for the dittoheads and willing bitches of the hot-air vents on AM and Faux News: Saying Yes, WaMu Built an Empire on Shaky Loans. Oh, and while you’re at it: Bite the ankles of those who shoved their way above you on mobility ladder rather than kicking the heads of those climbing behind you. For a freakin’ change, already.

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Mutual savings bank. WaMu was incorporated as the Washington National Building Loan and Investment Association on September 25, 1889, after the Great Seattle Fire destroyed 120 acres (49 ha) of the central business district of Seattle. The newly formed company made its first home mortgage loan on the West Coast on February 10, 1890.

Washington Mutual is the biggest bank failure in U.S. history. “Washington Mutual built a conveyor belt that dumped. washington mutual flooded the market with shoddy loans and securities that went.

NYTimes article: WaMu Built an Empire on Bad Loans Your FICO Scores can impact your loan interest rates, terms, approvals and more. Learn more about what impact your FICO Score. compensation schemes at such companies as Washington Mutual ("WaMu") and American International Group ("AIG").

Also appearing in the Sunday December 28 issue of the Times “Saying Yes to Anyone, WaMu Built an Empire on Shaky Loans,” by Peter S. Goodman and Gretchen Morgenson. “WaMu” is Washington Mutual, and you don’t need a degree in finance to be appalled by what was going on in recent years in that institution’s mortgage processing center:

Jamie Dimon wanted Washington Mutual and he wanted it bad. The JPMorgan Chase CEO was determined to expand on the West Coast, and Seattle-based WaMu was a prime target. Dimon had a team of.

Chris Seward cseward@newsobserver.com When the time came to cash in on the auto-lending empire thomas Dundon started in the back. When he wanted a better place to play golf, he built an entirely.

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Former WaMu exec gets grilled WaMu Built an Empire on Bad Loans Real estate loans are frequently the main culprit in those episodes, and the problems are aggravated by a recession at least partly due to the banks making.

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