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Where WaMu went wrong

                   
nwsource.com
Apr 14, 2008
        
Story Timeline:  223 days

To keep growing rapidly, the Seattle company loosened its lending standards, took on shaky real-estate loans and lent money to risky mortgage brokers. ... When Washington Mutual's shareholders gather at Benaroya Hall on Tuesday, they'll confront a company in full crisis... [read full story]                    

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Latest article on this story:

TIMES: WaMu shareholders show anger, CEO asks for patience

 nwcn.com Apr 16, 2008
First article on this story:

Appraisers say WaMu cut corners to increase its mortgage business

 nwsource.com Apr 15, 2008
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TIMES: WaMu shareholders show anger, CEO asks for patience

nwcn.com
Apr 16, 2008
        

Washington Mutual Chief Executive Kerry Killinger pleaded with shareholders and employees who packed Benaroya Hall on Tuesday to give his management team a chance to turn things around. ... "I understand it. But even before WaMu announced another massive loss and warned...

                   

DON'T BANK ON IT

nypost.com
Apr 16, 2008
        

Fears are rising that Wall Street's new bloodbath is spreading abroad, with Swiss banking giant UBS expected to slash payrolls by 10 percent and London's stock market bracing for as many as 40,000 sackings. Investment banks - clobbered by losses of...

                   

WaMu shareholders show anger, CEO Killinger asks for patience

nwsource.com
Apr 16, 2008
        

Visibly shaken by an outpouring of investor anger, Washington Mutual Chief Executive Kerry Killinger pleaded with shareholders and employees... ... KEN LAMBERT / THE SEATTLE TIMES Leaving Benaroya Hall with other shareholders is a WaMu home-loan employee, center, who said...

                   

Appraisers say WaMu cut corners to increase its mortgage business

nwsource.com
Apr 15, 2008
        

Washington Mutual's mortgage woes come as no surprise to Graham Albertini, a real-estate appraiser who worked at WaMu's Bellevue office... ... ERIKA SCHULTZ / THE SEATTLE TIMES Graham Albertini said WaMu's home-lending safeguards began to deterioriate in 2001 as it chased...