WaMu Built an Empire on Bad Loans

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Owens river valley WaMu Built an Empire on Bad Loans "It’s got bad karma, that place," he said. The tensions here surrounding the new trump international hotel and Tower reflect the unavoidable connection between the Trump presidency and the family’s.

By Saying Yes, WaMu Built Empire on Shaky Loans By Peter S. Goodman and Gretchen Morgenson at the NY Times : “We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe’s- Home Depot did to their industry.

Washington Mutual’s apartment-lending business was the. making it harder for some landlords to refinance their loans. Also, in some metro areas, developers have built many new apartment buildings,

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On a financial landscape littered with wreckage, WaMu, a Seattle-based bank that opened branches at a clip worthy of a fast-food chain, stands out as a singularly brazen case of lax lending. By the first half of this year, the value of its bad loans had reached .5 billion, nearly tripling from $4.2.

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WaMu Built an Empire on Bad Loans Jamie Dimon wanted Washington Mutual and he wanted it bad. The JPMorgan Chase CEO was determined to expand on the West Coast, and Seattle-based WaMu was a prime target.

WaMu Built an Empire on Bad Loans “It’s got bad karma, that place,” he said. The tensions here surrounding the new trump international hotel and Tower reflect the unavoidable connection between the Trump presidency and the family’s.