Dr. Housing Bubble 09/25/08

[Crewleader]

Washington Mutual Failure and Collapse: WaMu Largest Savings and Loan Failure in U.S. History.
The Rise and Fall of Washington Mutual.

Washington Mutual also known as WaMu, failed Thursday making it the biggest savings and loan failure in the history of our country. What makes this event more astounding that it comes on the heels of stalled bailout talks regarding the absurd and poorly planned $700 billion bailout package. A recent CBS News and New York Times poll shows that only 16 percent of people actually think the plan is a good idea. If that is the case, why are politicians pushing so hard to get this thing rammed down the throats of Americans? Could it actually be that tomorrow is the target adjournment date and many of these politicians simply want to go back to their districts to campaign?

http://www.doctorhousingbubble.com/washington-mutual-failure-and-collapse-wamu-largest-savings-and-loan-failure-in-us-history-the-rise-and-fall-of-washington-mutual/

[JoeyMac]

1. I just saw this on the Tube...

Not necessarily about WaMu, but this seems somewhat credible and most of the fats check out. It relates to the housing bubble problems ALOT. I could possibly start a new thread a little more zeroed in on the topic... but DU won't let me for some reason. Even if this is one of those situations where it's a "one-sided" story... there'd have to be a helluva great argument to combat this.

How much truth is there to the content of this video? I mean.. jeez :shrug:

http://www.youtube.com/watch?v=H5tZc8oH--o