Why WaMu is in trouble

// September 22nd, 2008 // Mark's stuff

In case you are not up to speed on all the financial problems caused by bad mortgages, this article gives a good explanation of some of the stuff Washington Mutual was doing that caused the problems.? The fraudsters they gave loans to certainly are at fault as well, but there’s just no excuse to repeatedly give loans to people like this.? Crazy.? You always hate to see any company go under, but at some level, WaMu had to know this was a bad idea.

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