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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle.It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
Through a case study of Washington Mutual Bank (WaMu), the Report found that in 2006, WaMu began pursuing high risk loans to pursue higher profits. A year later, these mortgages began to fail, along with the mortgage-backed securities the bank offered. As shareholders lost confidence, stock prices fell and the bank suffered a liquidity crisis. [5]
Kerry Killinger (born June 6, 1949) is an American businessman and author. He is founder and CEO of Crescent Capital Associates, [1] and previously served as chairman and chief executive officer of Washington Mutual from 1990 until 2008. [2][3] He and his wife Linda co-authored the 2021 book Nothing is Too Big to Fail: How the Last Financial ...
Agency infighting and regulators' repeated disregard of shoddy lending practices allowed Washington Mutual Bank, a $300 billion thrift and the sixth largest U.S. depository institution before it ...
Website. www.wamu.org. WAMU (88.5 FM) is a public news – talk station that services the greater Washington, DC metropolitan area. It is owned by American University, and its studios are located near the campus in northwest Washington. WAMU has been the primary National Public Radio member station for Washington since 2007.
Reckless credit practices at Washington Mutual Bank were detailed Tuesday at a hearing held by a Senate subcommittee investigating the role of high-risk home loans in the financial crisis. The ...
The holding company, Washington Mutual Inc was left without its major asset and equity investment, its former subsidiary Washington Mutual Savings Bank, and filed for bankruptcy the following day, the 26th. WaMu's collapse is the largest U.S. bank failure in history. [40]
I live in Portland, Oregon, and a lot of my friends have accounts with Washington Mutual, given its roots in the Pacific Northwest (WaMu was founded in Seattle over 100 years ago). Most of my ...