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Month: September 2008
Oh, Snap: WaMu CEO “Ousted”
Wall Street Journal: Washington Mutual Forces Out CEO Kerry Killinger, who helped build Washington Mutual Inc. into the nation’s largest thrift and then presided over its rapid decline, is being ousted as chief executive, making him the latest casualty of the mortgage crisis. For months, Mr. Killinger had fought off a growing chorus of calls…
Fannie / Freddie Takeover
This is pretty big news (to put it lightly), so I don’t want to ignore it even though I try to focus on Seattle-specific news here usually. On Friday news came out that Fannie Mae and Freddie Mac will basically be taken over by the US Government this week. I don’t see any point in…
Ron Sims: Realtor Mouthpiece?
I think this deserves its own (very brief) post: By early next year, many will come to regret their decision to delay buying a home. – King County Executive Ron Sims, September 4, 2008 Spotted by commenter “K” on Twitter. Well golly, if Ron Sims “tweeted” it, it must be true!
DIY Solution for Affordable Housing
I expect August stats from the NWMLS to be posted either today or tomorrow, but here’s something from the lighter side to kill some time until then. Mark Zimmerman (zim) had a problem that many have been faced with thanks to the housing bubble: A few years back, I got tired of living the American…