WaMu: Why it failed (loan, union, credit, interest)

[k374]

I found this really succint with a prime example of WaMu's unfathomable recklessness.

Why WaMu failed | L.A. Land | Los Angeles Times

[SandyCo]

Good article; thanks for sharing!

Here's another good one, from one of my favorite sites about the housing bubble, especially as it relates to California:

Washington Mutual Failure and Collapse: WaMu Largest Savings and Loan Failure in U.S. History. The Rise and Fall of Washington Mutual. » Dr. Housing Bubble Blog

[dugdogmaster]

Wow!!! Now that, folks, is criminal.

[Dennis P]

Originally Posted by k374

I found this really succint with a prime example of WaMu's unfathomable recklessness.

Why WaMu failed | L.A. Land | Los Angeles Times

Thanks for sharing the link to that article--very enlightening. For a minute, I was beginning to think that those free checking accounts with free checks for life did them in! I was a longtime WaMu customer before I closed my accounts a year ago and joined a local credit union. By the way, here's the link to my credit union's website, for anyone interested:

http://www.kinecta.org

They're one of the larger credit unions in SoCal, with about 25 branches stretching from Goleta to Irvine. I REALLY like them!