So, many of you know about the congresswoman from southern California – Representative Laura Richardson – who lost her house to foreclosure last month? Well, the story gets thicker. Now it looks like she had in fact worked out a payment agreement with the lender. Despite the agreement, somebody at the bank didn’t get the message and had the place sold anyway.

Guess which bank it was?

Thats right…Washington Mutual!!!

We’ve had nothing but trouble with Washington Mutual (1,2,3,4,5) and hearing this news just convinces me that the bank is the worst run financial institution in America today. It is bad enough to accidentally foreclose on some poor schmuck, buts quite its another thing to do it to a member of congress. You would think they’d be smart enough to keep a special file for important people, but no, they couldn’t even get that right. Seriously, if I were CEO Kerry Killinger, I would resign in shame and move to Alaska to hide.

Check out the news story, the WaMu rep tries hard to spin the mistake, but just ends up sounding lame. Here.

Best,

James

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