seattle.bizjournals.com - 10/29/2009
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Late in the afternoon of Sept. 25, 2008, the phone rang in Steve Rotella s 33rd floor office in downtown Seattle. The wide bay windows, once part of a conference room, commanded a sweeping view of Puget Sound, befitting the president of the nation s largest savings and loan. On a credenza behind ...
dealbook.blogs.nytimes.com - 10/30/2009
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dealbook.blogs.nytimes.com —
A new report on the demise of Washington
Mutual last year showed panic and confusion among its...
bankers as they futilely tried to save the bank before its collapse.
(more)
Behind the Downfall of Washington Mutual
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WaMu’s bank run
Rolfe Winkler —
... A fantastic piece from the Puget Sound Business Journal’s Kirsten Grind. It documents WaMu’s final months, noting that the bank suffered two large bank runs that management successfully hid from the press at the time. See chart below. ...
Thursday morning links
The Mess That Greenspan Made —
TOP STORIES Move-up Buyers to Get Homebuyer Tax Credit - UPI Shell cuts 5,000 jobs as profits tumble - Reuters CIC head warns of asset price bubble - Finanial Times TIME Poll: Americans Are Uneasy with Wall Street - Time Why the Goldman Sachs-AIG Story Won’t Go Away - Bloomberg The downfall of Washington Mutual - Puget Sound Bus. Journal Foreclosure plague: It's spreading - CNN/Money CIT secures $4.5 bln credit facility - Reuters ...
Behind the Downfall of Washington Mutual
DealBook —
... . The shareholders who might have hoped for a $8 billion purchase price were wiped out. – Cyrus Sanati Go to Article from The Puget Sound Business Journal »
Weekend Linky Dinks
UpsideTrader —
... non lending shells that they really are. GDP was digested and puked and the market got hit hard. We’ll be watching the 1655-60 zone just beneath there, which are the early October lows on the NDX, and keeping an eye on the 1020-25 zone on the SPX, which are also the early October lows. Unemployment is on the docket at the end of next week, I wait with bated breath to see how many jobs we saved this time. Have a great weekend with your families and enjoy the links. The last days at WAMU . The ...
Related Content
Washington Mutual sues FDIC for over $13 billion
| U.S.
reuters.com 3/22/2009 — NEW YORK (Reuters) - Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co. In a ...
JPMorgan to Lay Off 9,200 at Washington Mutual
dealbook.blogs.nytimes.com 12/2/2008 — JPMorgan Chase unveiled plans Monday to cut a total of 9,200 jobs at Washington Mutual, which it acquired in September after the Seattle savings and loan became the nation’s largest bank to fail amid the ongoing financial crisis.
JPMorgan will ...
Waste Management - Home Page
wm.com 6/12/2009 — Think Green From Home Earth Day 2008 Sustainability Report Contact Us AND ZIP Code - or - State Did you know? By recycling more than 232,000 tons of plastics, Waste Management saves enough energy to power almost 116,000 houses for one year. Quick ...
Annoying Bank Propaganda
baselinescenario.com 6/8/2009 — JPMorgan Chase has a “community support” page entitled “ The Way Forward .” It features a report by JPMorgan executive Michael Cembalest on the credit crisis called “ The Big Dig ,” which tries to argue that bank lending has actually increased during the ...
Downfall triggered by US-UK mix-up
guardian.co.uk 9/4/2009 — • Communication breakdown revealed in first-hand accounts of bank collapse • Blame game goes on as G20 ministers prepare for crucial London talks A breakdown in communications at the highest level between the US and the UK led to the shock collapse ...
The King Report: Looking at JP Morgan Earnings
ritholtz.com 10/17/2009 —
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JP Morgan reported better than expected earnings due to fixed income revenue jumping to a record $5B (vs. -$3.6B). Earnings are $3.59B. Once again the usual suspects hailed JPM’s “fortess-like balance sheet”. Few on The Street or in ...
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