Seattle Real Estate Tyler Freed
Real Estate in Auburn, Bellevue, Renton, Lake Tapps, Seattle and Kent
Interesting article on HomeStreet Bank from the Seattle PI. While the economy languishes, HomeStreet looks to expand Being privately owned may be company’s saving grace By BILL VIRGIN P-I REPORTER HomeStreet Bank’s assets and branch count are mere fractions of fellow Seattle-based home lender Washington Mutual. On the other hand, HomeStreet made a lot more… Read More
Remember the iconic Depression-era movie “ Mr. Smith Goes to Washington , in which Jimmy Stewart plays the wholesome young man in Washington out to do good? Well, Mr. Smith could just as easily have been your friendly banker at Washington Mutual. Unfortunately, Mr. Smith lost his way and turned predatory lender – and that’s the subject of the second part of a Seattle Times expose on the rise and fall of WaMu. I posted yesterday on part one , which you should definitely read to get a sense of
It seems to be Real Estate Monday, as a series of intriguing articles have broken recently. First and foremost, the Seattle Times has a fascinating two parter , that you must not miss: A series of interviews with former WaMu executives and employees, as well as a survey of internal company documents, reveals that management plotted a “reckless course that doomed the bank.” I always find it instructive to note the people who try to shift blame elsewhere, when it disagrees with their
(h/t to CR ) Seattle Times has a good story regarding the WaMu’s high risk strategies . Several thoughts: 1) American capitalism can be characterized by a complete lack of accountability; and 2) WTF!?! Where was the Office of Thrift Supervision? The articles leads off with a story of potential misleading public statements from Kerry Killinger while CEO of WaMu: On Sept. 10, 2007, Washington Mutual CEO Kerry Killinger stood before an audience of analysts and money managers and assu
(h/t to CR ) Seattle Times has a good story regarding the WaMu’s high risk strategies . Several thoughts: 1) American capitalism can be characterized by a complete lack of accountability; and 2) WTF!?! Where was the Office of Thrift Supervision? The articles leads off with a story of potential misleading public statements from Kerry Killinger while CEO of WaMu: On Sept. 10, 2007, Washington Mutual CEO Kerry Killinger stood before an audience of analysts and money managers and assu
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