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WaMu Fails... seized... and sold... in one night.


sarahiki

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There's another uncompleted Wamu on Bissonnet at Kirkwood or Diary Ashford too. How will million-dollar executives not know the business they manage is failing, so much that they're still opening more branches at a few seconds before bankruptcy?

According to a front-page article in the New York Times a few weeks ago, it was because the guy at Wamu who got the bank into trouble was high all the time.

While Mr. Parsons, whose incarceration is not related to his work for WaMu, oversaw a team screening mortgage applications, he was snorting methamphetamine daily, he said.
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