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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...


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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...

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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...

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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...

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Where WaMu went wrong

nwsource.com     Apr 14, 2008          

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...

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