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09-26-2008, 07:11 PM

texas*princess texas*princess is offline

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Join Date: Jul 2002

Location: ooooooh snap!

Posts: 11,156

Quote:

Originally Posted by texas*princess

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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