Washington Mutual

Ex-Banker Writes 'Cautionary Tale' Based On The Hobbit

Reuters | Posted 04.21.2012

Read More: The Hobbit, Video, Washington Mutual, Paul Erickson, Washington Mutual Collapse, Reuters, Business News, Paul Erickson Wamu Worker, Financial Collapse, Business News

By Lou Carlozo CHICAGO, April 20 (Reuters) - Since T.S. Eliot's brief career at Lloyds Bank of London, the connections...

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Astoria Characters: The Banker Everybody Loves

Nancy Ruhling | Posted 04.22.2012

For Michael Serao, banking isn't all about money. It's about helping people enrich their lives.

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BofA's Appalling Foreclosure Battle With Paralyzed Man

The Huffington Post | Harry Bradford | Posted 01.12.2012

Read More: Video, Foreclosure Crisis, Washington Mutual, Countrywide Financial, Mortgage Crisis, Bank of America, The Oregonian, Federal Reserve, Foreclosure, Bofa, Realtytrac, Business News

A quadriplegic man in Oregon has been battling banks to keep his home since 2003. And just when he thought the fight was finally over, Bank of America...

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Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011

Read More: Video, Washington Mutual, Countrywide, Securities, Housing Boom, Chase, Mortgage Backed Securities, JPMorgan Chase & Co, Spotlight Advisors LLC, Gibbs & Burns LP, Bank of America Corp, New York Stock Exchange, Pension Funds, Business News

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

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In WaMu Settlement, An Easy Way Out For Former Executives

HuffingtonPost.com | Catherine New | Posted 12.13.2011

Read More: Fdic, Executive Pay, Subprime Mortgages, Washington Mutual, Subprime Lending, Economic Crisis, Washington Mutual Collapse, Adjustable-Rate Mortgages, Mortgage Crisis, Financial Crisis, Executive Compensation, Recession, Business News

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

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WaMu, Biggest Bank Failure In U.S. History, Reaches Settlement

AP | Posted 12.13.2011

Read More: Washington Mutual Settlement, Washington Mutual Chapter 11, WaMu Settlement, Wamu, Washington Mutual, WaMu Chapter 11, Business News

SEATTLE -- Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and h...

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JPMorgan Chase Fined Over Recommending Risky Investments

Posted 11.15.2011

Read More: Finra, Unit Investment Trusts, JPMorgan Chase, JPMorgan Chase & Co, Video, Financial Industry Regulatory Authority, Chase Investment Services Corp, Washington Mutual, Business News

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to ...

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Democratic Senator Takes On Wall Street Behind The Scenes

The New York Times | Timothy Egan | Posted 01.11.2012

Read More: Senator Maria Cantwell, Cantwell, Maria Cantwell Washington State, Washington Mutual, Maria Cantwell, Financial Reform, Maria Cantwell Washington, Wall Street Reform, Cantwell Wall Street, Maria Cantwell Wall Street, Cantwell Financial Reform, Financial Regulation, Politics News

SEATTLE -- Crawling along a ledge leading to the 13,775-foot summit of Grand Teton two months ago, Senator Maria Cantwell, Democrat of Washington, pau...

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How Controversial Perry Plan Backfired

AP | JACK GILLUM | Posted 12.03.2011

Read More: Countrywide Bank of America, Texas Subprime, Video, Washington Mutual, Subprime Lending, Countrywide, Perry Subprime, Rick Perry 2012, Texas Governor Rick Perry, Elections 2012, Rick Perry, Politics News

WASHINGTON — As Texas governor, Rick Perry spent tens of millions in taxpayer money to lure some of the nation's leading mortgage companies to e...

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WaMu Settles Class-Action Securities Fraud Lawsuit

Posted 08.31.2011

Read More: Washington Mutual Securities, Poor Loan Underwriting, WaMu Settlement, Stock Price, Class Action Lawsuit, Washington Mutual, Securities Fraud, Business News

Washington Mutual Inc's (WAMUQ.PK) officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action se...

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JPMorgan Chase Pushes Out Mortgage Head David Lowman

Posted 08.14.2011

Read More: Jpmorgan Mortgage, JPMorgan Chase, Washington Mutual, Bear Stearns, Jpmorgan Mortgage Head, Lowman, Dave Lowman, David, Citigroup, Business News

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of doll...

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Well Aware Of Bubble, WaMu Boosted Bad Loans, Report Finds

HuffingtonPost.com | Chris Kirkham | Posted 06.14.2011

Read More: Financial Crisis, Subprime Mortgages, Wall Street Crisis, Wamu, Washington Mutual, Wall Street, Carl Levin, Business News

NEW YORK -- Top executives at Washington Mutual actively boosted sales of high-risk, toxic mortgages in the two years prior to the bank's collapse in ...

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Senate Panel Slams Goldman Sachs

Reuters | Kevin Drawbaugh | Posted 06.13.2011

April 14, 2011 12:38:56 AM By Kevin Drawbaugh WASHINGTON (Reuters) - In the most damning official U.S. report yet produced on Wall Street's ...

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Ex-WaMu Execs Sued By FDIC For Gross Negligence Over Bank's Collapse - READ The Lawsuit

Posted 05.25.2011

Read More: WaMu Lawsuit, Wamu, Washington Mutual, Stephen Rotella, Kerry Killinger, Wamu FDIC, David Schneider, Video, Business News

Note: read the full complaint filed by the FDIC below. WILMINGTON, Del., March 17 (By Tom Hals) - A U.S. government regulator sued three former...

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Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: JP Morgan Chase, Economic Crisis, Xtranormal, Bank of America, Fed Video, Federal Reserve, Merill Lynch, Animation, Federal Reserve Video, Goldman Sachs, Video, Washington Mutual, Countrywide, Bank Bailouts, Business News, Ben Bernanke, Bear Stearns, Fed Xtranormal, Business News

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people." In the n...

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Most States Bypass Judges In Foreclosure Process

Bloomberg | Margaret Cronin Fisk | Posted 05.25.2011

Read More: Robo Signers, Foreclosures Bypass Judges, Foreclosure Mess, Foreclosure Crisis, Washington Mutual, Housing Crisis, Business News

Two years before dementia forced her to move into a nursing care facility, Dorothy Halstien obtained a $73,000 loan from Washington Mutual Inc. secure...

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FDIC Ready To Sue Executives From Failed Banks, Seeking Over $1B

Huffington Post | William Alden | Posted 05.25.2011

Read More: Fdic, Sheila Bair, Federal Deposit Insurance Corporation, Bank Failures, Washington Mutual, Executive Compensation, Lawsuit, Business News

The Federal Deposit Insurance Corporation is poised to sue over 50 executives from failed banks, Bloomberg News reports. The potential lawsuits would...

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JPMorgan May Ask FDIC To Cover Some WaMu Expenses

Wall Street Journal | Dan Fitzpatrick | Posted 05.25.2011

Read More: JPMorgan WaMu Lawsuit, Fdic, Washington Mutual, JPMorgan WaMu Assets, Wamu, Business News

J.P. Morgan Chase & Co. is putting federal regulators on notice that it may go after the very funds it used to buy Washington Mutual Inc.'s banking ...

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Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011

Read More: Citi, Sec, Recovery, Occ, Blankfein, Washington Mutual, Wall Street Prosecutions, Economy, Jobs, Obama, Wamu, Fraud, Financial Fraud, Ots, Goldman Sachs, Merrill Lynch, Abacus, Wall Street, Chrystia Freeland, Lehman Brothers, Citibank, Washington Post, Indymac, Wall Street Fraud, Business News

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

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PHOTOS: The Brand Graveyard - 17 Household Names That Fell Victim To The Recession

Posted 05.25.2011

Read More: Linens 'N Things, Levits, Saturn, Recesison Brands, Brand Graveyward, Brands That Died During the Recession, Pontiac, Washington Mutual, Fortunoff, Circuit City, Slidepollajax, Hummer, Gourmet Magazine, Business News

Here lies a leading big box electronics retailer, an iconic photography mainstay and a host of once ubiquitous consumer brands. In the interest o...

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Banks Siding Against the Customer in Fraud Cases

Naomi Wolf | Posted 05.25.2011

Read More: Fraud, Bank Fraud, Naomi Wolf, Washington Mutual, Third World America, Business News

Like most consumers, I had always assumed that banks and customers are united in wanting to curtail bank fraud. Unfortunately, I have learned that in fact bank fraud is a big and profitable business -- for the banks themselves.

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A Short History of "Baby Got Back" and Advertising

Danny Groner | Posted 05.25.2011

Last month, an investigation revealed that Washington Mutual employees performed a parody of "Baby Got Back" that expressed how much money they made d...

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Financial 'Reform' Dodges Big Lessons

Huffington Post Investigative Fund | David Heath | Posted 05.25.2011

Read More: Tom Coburn, The Financial Fix, Fdic, Washington Mutual, Kerry Killinger, Financial Reform, Office of Thrift Supervision, Ots, Wamu, Financial Regulation, Video, Business News

As congressional partisans wrangle over financial reform, neither side is grappling with a fundamental lesson learned from an investigation into the c...

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No More Deceit -- Strictly Regulate Wall Street

Leo W. Gerard | Posted 05.25.2011

Read More: Citigroup, Richard S. Juld Jr., President Obama, Washington Mutual, Financial Reform, Hedge Fund, Barack Obama, Katrina Vanden Heuvel, Financial Regulation, Goldman Sachs, Bank of America, Ezra Klein, Robert Khuzami, Morgan Stanley, John Paulson, Wall Street, Lehman Brothers, Sen. Mitch McConnell, Sen. Chris Dodd, Securities and Exchange Commission, Bank Bailout, Subprime Mortgage, Glass-Steagall, Repo 105, Too Big to Fail, Jpmorgan, Senate Minority Leader, Wa-Mu, Business News

If McConnell-style deceit about the financial reform bill continues in the Senate, serious regulatory reform won't happen. Half measures won't work. Only robust financial reform will end Wall Street's freedom to deceive.

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Goldman's Loyal Following

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011

Read More: Goldman Sachs, General Electric, Brandindex, Washington Mutual, Lehman Brothers, Jay Pritzker, Hyatt Hotels, Warren Buffett, British Petroleum, Sec, New York Times Company, Mta, Business News

Despite all the bad headlines -- the accusations of fraud, the talk of a big settlement, the risk, however remote, of criminal charges -- there's an i...

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