Washington Mutual – The Anatomy of Disaster

by James & Miel on December 28, 2008 · 0 comments

Hi All,

If you’ve been following us DINKs for a while, you’ll know we love blogging about the former Washington Mutual bank.  Well, the NY Times has really excellent expose on the downfall of this former financial powerhouse.

“It was the Wild West,” said Steven M. Knobel, a founder of an appraisal company, Mitchell, Maxwell & Jackson, that did business with WaMu until 2007. “If you were alive, they would give you a loan. Actually, I think if you were dead, they would still give you a loan.”

If you followed Washington Mutual’s decline and breakup, you have to read this article



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