Comments on: WaMu Exec Warned Board of Pending Collapse Years Ago http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/ News & discussion about real estate & the housing bubble in the Seattle area. Sun, 08 Nov 2009 04:04:18 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: mukoh http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58508 mukoh Tue, 07 Oct 2008 04:41:19 +0000 http://seattlebubble.com/blog/?p=2932#comment-58508 LOL. Now he is a hero. Knew all about it. But didn't say a word to keep the checks coming.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58508','mukoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58508','mukoh','LOL. Now he is a hero. Knew all about it. But didn\'t say a word to keep the checks coming.',''); return false;">Quote</a></div> LOL. Now he is a hero. Knew all about it. But didn’t say a word to keep the checks coming.
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]]> By: ceforward.com http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58482 ceforward.com Tue, 07 Oct 2008 00:34:15 +0000 http://seattlebubble.com/blog/?p=2932#comment-58482 [...] Seattle Bubble: WaMu Executive Warned Board of Pending Collapse Years Ago: [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58482','ceforward.com',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58482','ceforward.com','[...] Seattle Bubble: WaMu Executive Warned Board of Pending Collapse Years Ago: [...]',''); return false;">Quote</a></div> [...] Seattle Bubble: WaMu Executive Warned Board of Pending Collapse Years Ago: [...]
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]]> By: WestSideBilly http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58462 WestSideBilly Mon, 06 Oct 2008 22:11:22 +0000 http://seattlebubble.com/blog/?p=2932#comment-58462 Revisionist history. "I was right back then, even though I didn't say anything until it was too late for anyone to sue me." anony @ 5 has it right. If I was a large (former) shareholder of WaMu, I think this statement would be admittance of guilt and grounds for a lawsuit. He got millions of dollars in compensation while withholding this info. Non-disclosure is trumped by legal responsibility to the shareholders that own the company.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58462','WestSideBilly',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58462','WestSideBilly','Revisionist history. \"I was right back then, even though I didn\'t say anything until it was too late for anyone to sue me.\" anony @ 5 has it right. \r\n\r\nIf I was a large (former) shareholder of WaMu, I think this statement would be admittance of guilt and grounds for a lawsuit. He got millions of dollars in compensation while withholding this info. Non-disclosure is trumped by legal responsibility to the shareholders that own the company.',''); return false;">Quote</a></div> Revisionist history. “I was right back then, even though I didn’t say anything until it was too late for anyone to sue me.” anony @ 5 has it right.

If I was a large (former) shareholder of WaMu, I think this statement would be admittance of guilt and grounds for a lawsuit. He got millions of dollars in compensation while withholding this info. Non-disclosure is trumped by legal responsibility to the shareholders that own the company.

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]]> By: budbrad http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58448 budbrad Mon, 06 Oct 2008 20:58:44 +0000 http://seattlebubble.com/blog/?p=2932#comment-58448 Also, as a director of the WaMu board, this guy had a legal obligation to speak up if he knew there were problems. It's called 'fiduciary responsibility'. If he knew, and did nothing, he should be sued and go to jail.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58448','budbrad',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58448','budbrad','Also, as a director of the WaMu board, this guy had a legal obligation to speak up if he knew there were problems. It\'s called \'fiduciary responsibility\'.\r\n\r\nIf he knew, and did nothing, he should be sued and go to jail.',''); return false;">Quote</a></div> Also, as a director of the WaMu board, this guy had a legal obligation to speak up if he knew there were problems. It’s called ‘fiduciary responsibility’.

If he knew, and did nothing, he should be sued and go to jail.

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]]> By: anony http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58443 anony Mon, 06 Oct 2008 20:23:21 +0000 http://seattlebubble.com/blog/?p=2932#comment-58443 "Nice to hear about someone who actually saw the bust coming back in 2003" Unless that person sat on the information so he and his company could keep collecting bonuses and stock increases based on short term profits, knowing he wouldn't be the one losing his shirt in the crash.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58443','anony',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58443','anony','\"Nice to hear about someone who actually saw the bust coming back in 2003\"\r\n\r\nUnless that person sat on the information so he and his company could keep collecting bonuses and stock increases based on short term profits, knowing he wouldn\'t be the one losing his shirt in the crash.',''); return false;">Quote</a></div> “Nice to hear about someone who actually saw the bust coming back in 2003″

Unless that person sat on the information so he and his company could keep collecting bonuses and stock increases based on short term profits, knowing he wouldn’t be the one losing his shirt in the crash.

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]]> By: budbrad http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58432 budbrad Mon, 06 Oct 2008 19:51:08 +0000 http://seattlebubble.com/blog/?p=2932#comment-58432 Gee, that's interesting. NPR and all the other media outlets were there 6 months/1 year/2 years/etc ago. Why didn't he speak up sooner if he was so knowledgeable? That non-disclosure he signed is just as valid today as it was a year ago. Courage is speaking up when you have something to lose, not monday morning quarterbacking, like this guy is trying to do. I can't believe you are lapping that up.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58432','budbrad',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58432','budbrad','Gee, that\'s interesting. NPR and all the other media outlets were there 6 months\/1 year\/2 years\/etc ago. Why didn\'t he speak up sooner if he was so knowledgeable?\r\n\r\nThat non-disclosure he signed is just as valid today as it was a year ago. Courage is speaking up when you have something to lose, not monday morning quarterbacking, like this guy is trying to do.\r\n\r\nI can\'t believe you are lapping that up.',''); return false;">Quote</a></div> Gee, that’s interesting. NPR and all the other media outlets were there 6 months/1 year/2 years/etc ago. Why didn’t he speak up sooner if he was so knowledgeable?

That non-disclosure he signed is just as valid today as it was a year ago. Courage is speaking up when you have something to lose, not monday morning quarterbacking, like this guy is trying to do.

I can’t believe you are lapping that up.

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]]> By: B&W Nikes http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58430 B&W Nikes Mon, 06 Oct 2008 19:46:41 +0000 http://seattlebubble.com/blog/?p=2932#comment-58430 In case anyone is interested, Robert Schiller is supposed to be on KUOWs The Conversation today. So are Rob McKenna and Richard Hagar. They're talking about buying and selling homes in the current market. http://www.kuow.org/program.php?current=TC<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58430','B&W Nikes',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58430','B&W Nikes','In case anyone is interested, Robert Schiller is supposed to be on KUOWs The Conversation today. So are Rob McKenna and Richard Hagar. They\'re talking about buying and selling homes in the current market. http:\/\/www.kuow.org\/program.php?current=TC',''); return false;">Quote</a></div> In case anyone is interested, Robert Schiller is supposed to be on KUOWs The Conversation today. So are Rob McKenna and Richard Hagar. They’re talking about buying and selling homes in the current market. http://www.kuow.org/program.php?current=TC
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]]> By: softwarengineer http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58408 softwarengineer Mon, 06 Oct 2008 17:36:27 +0000 http://seattlebubble.com/blog/?p=2932#comment-58408 WAMU'S SLOGAN IN 2006: "Growth is Good" WAMU's SLOGAN IN 2008: "The Pink Slips are Coming"<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58408','softwarengineer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58408','softwarengineer','WAMU\'S SLOGAN IN 2006:\r\n\r\n\"Growth is Good\"\r\n\r\nWAMU\'s SLOGAN IN 2008:\r\n\r\n\"The Pink Slips are Coming\"',''); return false;">Quote</a></div> WAMU’S SLOGAN IN 2006:

“Growth is Good”

WAMU’s SLOGAN IN 2008:

“The Pink Slips are Coming”

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]]> By: CCG http://seattlebubble.com/blog/2008/10/06/wamu-exec-warned-board-of-pending-collapse-years-ago/#comment-58406 CCG Mon, 06 Oct 2008 17:23:35 +0000 http://seattlebubble.com/blog/?p=2932#comment-58406 Nice to hear about someone who actually saw the bust coming back in 2003, as opposed to all the geniuses who "saw it coming" in 2007.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('58406','CCG',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('58406','CCG','Nice to hear about someone who actually saw the bust coming back in 2003, as opposed to all the geniuses who \"saw it coming\" in 2007.',''); return false;">Quote</a></div> Nice to hear about someone who actually saw the bust coming back in 2003, as opposed to all the geniuses who “saw it coming” in 2007.
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