Thread: WaMu: The latest bank failure
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Old 09-26-2008, 07:11 PM
texas*princess texas*princess is offline
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Quote:
Originally Posted by texas*princess View Post
It wasn't just the "run on the bank" that killed WaMu.

WaMu also participated in the crappy mortgage business which helped spell out their demise.

Their latest CEO was ousted because of that
Oh yeah - and the new CEO will be receiving anywhere between $13-18 MILLION in severance pay for 3 wks of 'work'
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