For a long time, Washington Mutual used a catchy tagline in its ads, "The Power of Yes." And new investigations show it wasn't just talking the talk: widespread fraud throughout the company let it say yes to just about everybody.
Alisa Roth reports.
washington mutualDid WaMu's fraud lower rest of market?Marketplace Tue, 04/13/2010 - 13:27
For a long time, Washington Mutual used a catchy tagline in its ads, "The Power of Yes." And new investigations show it wasn't just talking the talk: widespread fraud throughout the company let it say yes to just about everybody. WaMu: The forgotten bank failureEconomic news - CNNMoney.com Tue, 09/08/2009 - 05:44
Washington Mutual is long gone, but its lax lending could haunt us for years. JP Morgan swallows up another failureMarketplace Fri, 09/26/2008 - 16:02
Federal regulators have taken control of Washington Mutual and promptly sold its biggest parts to JP Morgan, making JP Morgan even bigger. 2 major deals amid credit crisisMarketplace Mon, 04/07/2008 - 13:56
Troubled mortgage lender Washington Mutual is close to nailing down $5 billion from a private equity firm. And, Switzerland's Novartis is spending $39 billion for a majority stake in the U.S. eye-care company Alcon. |