Update: WaMu Pres. House Flip Attempt

[The Tim]

Former WaMu President Stephen Rotella purchased his home . Listed it .

February 4th: Price drop! Down a whopping $0.35 million

What a steal!

[The Tim]

March 4th: Price drop! Down another $0.65 million

Now $1 million off original list price. What a steal!

[tomtom]

Another WaMu exec is also doing his part:

Purchased in 2006 for $1,895,000
Listed Dec 21 for $2,250,000
Price Drop to

Play golf on the 22nd floor!

[SeattleMoose]

And what exactly was this person's "worth" to society in comparison to say a teacher, nurse, or police officer.....to justify this obscenely lavish lifestyle?

It must be that while he was sitting in a swank office he made all sorts of "wise" business decisions that put WAMU on solid ground for the long haul.....ahem.

The "high performers require high pay" argument is more than a little threadbare at this point as monkeys could just as easily have run the corporations/big banks/big finance into the ground as "high performing" CEOs (who gave themselves HUGE bonus for doing such a great job...with our tax money).

The "elite financial class" in this country are little more than parasites.

NOBODY should make 20 to 50 times more than the "bread and butter" folks who are the solid foundation of society. There is NOTHING anyone can do to justify that disparity in pay...NOTHING!!! (well....maybe Tom Cruise)

I hope when the dust settles the banksters are put back in their place relative to others who actually provide services/products OF REAL VALUE to society.

[The Tim]

[EconE]

[perfectfire]

[rose-colored-coolaid]

[tomtom]

[WestSideBilly]

$1335/mo HOA dues? What the hell!

[tomtom]

[rose-colored-coolaid]

What's a WaMu? Never heard of it.

[tomtom]