Wednesday, September 09, 2009
WaMu: The Forgotten Bank Failure
The biggest-ever bank collapse didn't lead to chaos, but Americans will pay the price for its unsound lending for years to come.
Washington Mutual is long gone, but its lax lending could haunt us for years.
The Seattle-based institution collapsed in the largest-ever U.S. bank failure last September. WaMu ran out of cash after business customers, unnerved by the implosion of Lehman Brothers, withdrew their uninsured deposits...
WaMu: WaMu: The Forgotten Bank Failure
Washington Mutual is long gone, but its lax lending could haunt us for years.
The Seattle-based institution collapsed in the largest-ever U.S. bank failure last September. WaMu ran out of cash after business customers, unnerved by the implosion of Lehman Brothers, withdrew their uninsured deposits...
WaMu: WaMu: The Forgotten Bank Failure
Permalink posted by markw @ 12:34 PM 
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