Aug07 Interview With WAMU CEO

SeattleMoose

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/08/12/BU72RBP6U.DTL

1) We did it (stated income loans) because everyone else was doing it
2) Seattle (and SF) are "special"
3) Some banks are gonna fail (but not us)

rose-colored-coolaid

SeattleMoose wrote:

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/08/12/BU72RBP6U.DTL

1) We did it (stated income loans) because everyone else was doing it
2) Seattle (and SF) are "special"
3) Some banks are gonna fail (but not us)

Oh ho ho, that trickster. Isn't WaMu technically a savings and loan rather than a bank? #2 is really just because of alliteration. "Seattle", "San Fransisco", and "Special" all start with 's'.