The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
| Author | : | |
| Rating | : | 4.23 (692 Votes) |
| Asin | : | 1451617933 |
| Format Type | : | paperback |
| Number of Pages | : | 400 Pages |
| Publish Date | : | 2013-07-31 |
| Language | : | English |
DESCRIPTION:
"The Lost Bank Reviewed for the National Mortgage News by a former WaMu employee" according to Micheleperrin. Reviewed by Michele Perrin, CPA, CMB, of Perrin & Associates, a Mortgage Banking/Warehouse Lending consultant and former First Vice President of Washington Mutual's Mortgage Banker Finance Division.Reading The Lost Bank, journalist Kirsten Grind's in-depth investigation into the demise of Washington Mutual, was an emotional experience for me as a . "Former WaMulian's perspective" according to Banker Gone Gaming. This is an extensively researched, great book that will be enjoyed particularly by those who are interested in understanding the psychology of some of the participants behind the financial collapse.The book is more about the unraveling of Kerry Killinger and his executive team than it is about the bigger problems that plagued the credit and housin. The story of WAMU reads like a Shakespearean tragedy with Kerry Killinger as the noble Sheila Spangler The story of WAMU reads like a Shakespearean tragedy with Kerry Killinger as the noble but flawed protagonist in a troubled situation. As a former WAMU employee, in the commercial division called Western Bank, I had met and watched Kerry Killinger and some of the other executives at the "State of the Group" meetings and was inspired by the values
Grind has already received numerous awards for her coverage of WaMu’s mighty fall, and The Lost Bank stands beside The Big Short and Too Big to Fail as required reading for students of the Great Recession. Best Books of the Month, June 2012: The collapse of Washington Mutual in September 2008 was the largest bank failure in U.S. history and a symbolic casualty of America’s unfolding financial crisis. Wall Street Journal reporter Kristen Grind provides a fascinating fly-on-the-boardroom-wall account of the bank’s final hours, and takes us back through the
Kirsten Grind has received more than a dozen national awards for her work, including a Pulitzer Prize finalist citation. . A reporter for The Wall Street Journal, she lives in New York City
An award-winning reporter chronicles the calamitous story of Washington Mutual, the single-largest bank failure in American history, in a fast-paced, compelling, and gripping saga of greed and excess.During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement, and