Monday, October 26, 2009

WAMU's Strategy Doomed The Bank

A must read for all ex-WAMU employees and anyone else interested in what really lead to Washington Mutual's demise. It is a lengthy two-part article, but well worth it as it clearly illustrates that WAMU's leadership led it to slaughter by demanding growth and profit over quality...and I would say the hiring of Craig Davis from American Savings was one of the dumbest moves of Kerry Killinger's career. Criminey, O.J. Simpson even makes a cameo...the article is here.

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