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Tag Archives: washington mutual
Financial Briefs
Joe emails: Banks – the order of failure will be – Downey Savings within 12 months, just like the angel said to Sarah regarding the birth of a baby boy. Next is First Federal, probably in the next 18 months. … Continue reading
Posted in Economics
Tagged 12 months, angel, baby boy, banks, birth of a baby, downey savings, failure, financial briefs, goyim, midwest, money, oil stocks, stock, wamu, washington mutual, wells fargo
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Washington Mutual Leaves The Mortgage Business
Along with a lot of Los Angeles banks, Washington Mutual has lost much of its value due to its bad mortgage lending decisions. Here’s a report: Seattle-headquartered Washington Mutual, which recently entered into definitive agreements to raise an aggregate $7 … Continue reading
Posted in Economics
Tagged 1 billion, business plans, ceo, confidence, definitive agreements, diluted share, equity securities, first quarter, home loan, investment vehicle, kerry killinger, loan offices, mortgage business, mortgage lending, profitability, s market, second quarter, shareholder value, wamu, washington mutual
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L.A. Bank Death Watch: Downey, First Federal, Washington Mutual, Fremont
You’ll show up one day and there’ll be a notice that this bank has been taken over the FTIC and if you have money there, it’ll take a couple of days to get it. Or Bank of America buys them … Continue reading
Posted in Economics
Tagged amortization, bank of america, bloke, couple of days, death watch, downey, finance, ftic, graduated payment mortgage, introductory period, loan payment, loan payments, losses, money, negative amortization, quot, washington mutual, wikipedia
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Banks With All Their ‘Capital’ In Junk Loans
Downey Savings, and then not far behind them, First Federal and Washington Mutual are going to have all the "capital" in junk loans. No one should have any faith in the banking system and should move their money out of … Continue reading
Posted in Economics
Tagged asset quality, bancorp inc, bank of america, bank of america corp, capital ratio, countrywide financial, countrywide financial corp, downey financial corp, downey savings, friedman billings ramsey, homeboy, indymac bancorp, indymac bancorp inc, largest mortgage lender, paul miller, quality deterioration, rapid pace, stock bank, washington mutual, washington mutual inc
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