Washington Mutual

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Latest blogosphere posts tagged “Washington Mutual”

• CIT Bankruptcy Filing Will Cost US Taxpayers Another $2.3 Billion

  
  One Man's Thoughts — Authority: 430
  CIT group, America’s leading specialist lender to small business, filed for Chapter 11 November 1 st night in the fifth biggest bankruptcy in US history. The collapse of the 101-year-old Utah-based lender, which trails behind only those of Lehman Brothers, Washington Mutual, Worldcom and General Motors in ...
  5 days ago

• D.A. issues 149 counts of ID theft related charges on Brooklyn man

  
  LifeLock.com Promo Code — Authority: 112
  Parents tell their kids “you can grow up to be whatever you want to be” all the time. Maybe it’s time to rethink that or, at the very least, add a disclaimer. “You can grow up to be whatever you want to be*… *as long as it involves being law-abiding, not taking advantage of [...]
  6 days ago

• CIT Files for Bankruptcy - Among Largest Corporate Failures

  
  Business Finance & Economy - business.marc8.com — Authority: 163
  With $71 billion in assets and nearly $65 billion in liabilities, CIT is among the largest corporate bankruptcies on record, though it is dwarfed by the likes of Lehman Brothers and Washington Mutual.
  1 week ago

• Oh CIT!

  
  FITSNews — Authority: 635
  A 101-year-old lending institution that provides capital to small and mid-size businesses has become the fifth-largest bankruptcy in American history on Sunday – trailing only Lehman Brothers, Washington Mutual, Worldcom and the company formerly known as General (now “Government”) motors. CIT Group, which ...
  1 week ago

• CIT’s bankruptcy — the biggest loss from TARP so far.

  
  InvestmentWatch — Authority: 449
  http://finance.yahoo.com/news/CIT-files-for-Chapter-11-apf-1202955938.html?x=0&sec=topStories&pos=1&asset=&ccode= “CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a statement that its bondholders overwhelmingly opted for a ...
  1 week ago

• How Goldman Secretly Bet on the U.S. Housing Crash

  
  ::Broadcatching:: — Authority: 129
  McClatchy Washington BureauSun, Nov. 01, 2009Greg Gordon | McClatchy NewspapersNovember 01, 2009 01:17:44 AMWASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp ...
  1 week ago

• Nine banks went out of business on Friday

  
  Lucrative Investing — Authority: 143
  Friday market the largest amount of United States government take overs in one single day since the beginning of the financial crisis and the almost complete collapse of the financial sector of the United States. The nine banks (which brings the total to 115 for the number of failed banks in 2009) that were taken ...
  1 week ago

• Too big to fail, is still heavy in the derivative market, and primed for a gigantic collapse.

  
  CRWE NEWS Financial Stock Market Website — Authority: 145
  Dr Stock Pick HOT News & Alerts!_______________________________________FREE Daily Stock Alerts From DrStockPick.com_______________________________________Friday October 30, 2009DrStockPick.com Article**************************************************************Too big to fail, is still heavy in the derivative ...
  1 week ago

• Ethics Inquiries Into Richardson and Waters

  
  Featured States News — Authority: 157
  Original Author:  Brian Leubitz Laura Richardson has been playing with fire since the day she moved up from Long Beach to Sacramento, and her rapid rise to DC powered by her playing with mortgage debt always caused suspicion. For her part, Rep. Maxine Waters troubles are a ...
  1 week ago

• Behind the Downfall of Washington Mutual

  
  DealBook — Authority: 782
  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.
  1 week ago

• Renewed Dismissal Motion in WaMu Subprime Suit Substantially Denied

  
  The D & O Diary — Authority: 466
  In a detailed October 27, 2009 opinion ( here ), Western District of Washington Judge Marsha J. Pechman substantially denied the defendants’ motions to dismiss the plaintiffs’ amended complaint in the Washington Mutual subprime securities class action lawsuit . Judge Pechman’s ruling is noteworthy in and of ...
  1 week ago

• Items of Interest

  
  Economic Disconnect — Authority: 127
  When I checked my traffic details this afternoon I was amazed that I was looking at a 6 times increase in views just over the last 24 hours! Naturally I thought some tale of mine had gong huge and made its way across the Internet in what would surely bring me widespread fame and fortune. So what post garnered all ...
  1 week ago

• What Happened at WaMu?

  
  Payments News - from Glenbrook Partners — Authority: 441
  Yesterday and today , the Seattle Times ran a two part series about its former home town bank Washington Mutual titled "Reckless Strategies Doomed WaMu". In a word (actually two words!), it was the: Option ARM.
  2 weeks ago

• The Decline and Fall of Washington Mutual

  
  I Thought a Think — Authority: 135
  This is fascinating reading.
  2 weeks ago

• Which Lenders Made the Worst Home Loans?

  
  Ohaiyo Business Magazine — Authority: 432
  The worst mortgage loans were made in 2006, according to research by data provider MDA DataQuick. And those loans are begining to blow up now. According to DataQuick’s numbers, the lenders with the most foreclosure related filings in this years third quarter in California—-a hot bed of dicey loans were: ...
  2 weeks ago

• Another View: Lets Stop Vilifying the Bankers

  
  DealBook — Authority: 782
  Another View: Bill George, a Harvard business professor, argues that we should not punish healthy banks for the sins of failed banks.
  2 weeks ago

• San Joaquin Bank: 99th US Bank fails in California

  
  Thaindian News — Authority: 725
  Bakersfield, Oct 19 (THAINDIAN NEWS) On Friday regulators closed down the San Joaquin Bank of Bakersfield, California. It was billed as the 99th U.S. bank failure of 2009.The Federal Deposit Insurance Corp, which was named receiver, said San Joaquin had $775 million in assets and $631 million in deposits.Citizens ...
  3 weeks ago

• JPM numbers are completely bogus….

  
  InvestmentWatch — Authority: 449
  Just went thru their press release. Would need to see a 10Q to get more back-up information, but it looks like most of JPM’s GAAP net income was generated from: 1) mark to fantasy of their fixed income and derivatives book 2) marking up as much as possible all of the Washington Mutual assets they had marked down ...
  3 weeks ago

• Predatory Lending

  
  TIERRA LIMPIA by Charles Lincoln — Authority: 116
  Bankrupt Washington Mutual now owned by JP Morgan does not get much press about their prior predatory lending practices.  This story in the NY Times ‘Going Begging’ illustrates a few things.  One is that even when properties go on the auction block they are not often getting sold.  The second and most important ...
  5 weeks ago

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