Update: WaMu Pres. House Flip Attempt
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The Tim
Bubble Blogging Buffoon
Joined: Sat Feb 17, 2007 6:02 pm
Posts: 827
Location: Kenmore, WA
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 Update: WaMu Pres. House Flip Attempt Former WaMu President Stephen Rotella purchased his home in 2005 for $3.78 million. Listed it last October for $6.25 million. February 4th: Price drop! Down a whopping $0.35 million to $5.9 million!What a steal!
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| Sat Feb 07, 2009 12:46 pm |
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The Tim
Bubble Blogging Buffoon
Joined: Sat Feb 17, 2007 6:02 pm
Posts: 827
Location: Kenmore, WA
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Re: Update: WaMu Pres. House Flip Attempt March 4th: Price drop! Down another $0.65 million to $5.25 million!Now $1 million off original list price. What a steal!
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For great justice.
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| Thu Mar 05, 2009 5:52 am |
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tomtom
Bubble Blatherer
Joined: Wed Apr 09, 2008 1:31 pm
Posts: 103
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Re: Update: WaMu Pres. House Flip Attempt 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 $1,975,000! Play golf on the 22nd floor! 
Last edited by tomtom on Thu Mar 05, 2009 12:11 pm, edited 1 time in total.
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| Thu Mar 05, 2009 8:16 am |
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SeattleMoose
Bubble Bloviator
Joined: Sun May 06, 2007 7:26 am
Posts: 225
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Re: Update: WaMu Pres. House Flip Attempt 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.
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| Thu Mar 05, 2009 11:36 am |
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The Tim
Bubble Blogging Buffoon
Joined: Sat Feb 17, 2007 6:02 pm
Posts: 827
Location: Kenmore, WA
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Re: Update: WaMu Pres. House Flip Attempt SeattleMoose wrote: 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). Hey, don't insult monkeys like that. The Chicago Sun-Times has got a stock-picking monkey that has beat the market for four years straight (seriously). I don't think any former WaMu exec can claim that kind of success.
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For great justice.
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| Thu Mar 05, 2009 11:59 am |
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EconE
Bubble Bloviator
Joined: Thu Mar 08, 2007 3:29 pm
Posts: 276
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Re: Update: WaMu Pres. House Flip Attempt tomtom wrote: 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 $1,975,000! Play golf on the 22nd floor! Quite a few high end flippers/investors in that building. One thing about the "flipping" phenomenon during the bubble that I find interesting is the number of super-rich people buying super-expensive properties to flip. If I could pose just one question to this caliber of flipper it would be... "When you're already in the top .0001% of the income/wealth strata. Who can afford to pay more...than you already did?"
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| Thu Mar 05, 2009 3:01 pm |
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perfectfire
Bubble Banter Boss
Joined: Sun May 20, 2007 11:40 pm
Posts: 540
Location: Bellevue
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Re: Update: WaMu Pres. House Flip Attempt EconE wrote: "When you're already in the top .0001% of the income/wealth strata. Who can afford to pay more...than you already did?" The government?
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| Thu Mar 05, 2009 4:22 pm |
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rose-colored-coolaid
Bubble Banter Boss
Joined: Mon Jun 18, 2007 10:26 am
Posts: 1978
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Re: Update: WaMu Pres. House Flip Attempt perfectfire wrote: EconE wrote: "When you're already in the top .0001% of the income/wealth strata. Who can afford to pay more...than you already did?" The government? Would that be China's government? Because ours sure can't.
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| Thu Mar 05, 2009 4:45 pm |
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tomtom
Bubble Blatherer
Joined: Wed Apr 09, 2008 1:31 pm
Posts: 103
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Re: Update: WaMu Pres. House Flip Attempt tomtom wrote: 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 $1,975,000! Play golf on the 22nd floor! Price Drop to $1,740,000. Explains why Rototilla was The Boss.
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| Mon Jun 22, 2009 1:53 pm |
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WestSideBilly
Bubble Banter Boss
Joined: Mon Feb 04, 2008 1:41 pm
Posts: 562
Location: Land of entitlement
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Re: Update: WaMu Pres. House Flip Attempt $1335/mo HOA dues? What the hell!
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| Tue Jun 23, 2009 11:11 am |
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tomtom
Bubble Blatherer
Joined: Wed Apr 09, 2008 1:31 pm
Posts: 103
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Re: Update: WaMu Pres. House Flip Attempt tomtom wrote: tomtom wrote: 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 $1,975,000! Play golf on the 22nd floor! Price Drop to $1,740,000. Do I hear $1,590,000?
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| Wed Jul 01, 2009 5:27 pm |
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rose-colored-coolaid
Bubble Banter Boss
Joined: Mon Jun 18, 2007 10:26 am
Posts: 1978
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Re: Update: WaMu Pres. House Flip Attempt What's a WaMu? Never heard of it.
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| Thu Jul 02, 2009 10:10 am |
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tomtom
Bubble Blatherer
Joined: Wed Apr 09, 2008 1:31 pm
Posts: 103
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Re: Update: WaMu Pres. House Flip Attempt tomtom wrote: tomtom wrote: tomtom wrote: 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 $1,975,000! Play golf on the 22nd floor! Price Drop to $1,740,000. Do I hear $1,590,000? When lowering the price doesn't work, try raising the price to $1,650,000.
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| Mon Sep 28, 2009 9:42 am |
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