Interesting Article on Washington Mutual and Its Demise

[silasgtbronte]

So I was looking around through the financial pages when I came across this article which gives a pretty good job in giving an insight to the primary reason why Washington Mutual collapsed.  In fact it portrays a great example of the shoddy lending practices of many of the companies involved in Subprime lending and their greed.

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Comments

[silasgtbronte]

National Bank...you mean like a local bank? Those normally have that advantage (no ATM fees) over any of the major banks from what I've noticed from experience. But then again a few do, like this one in the Atlantic/Midwest region:

https://www.pnc.com/webapp/unsec/ProductsAndService.do?siteArea=/PNC/Home/Personal/Checking/Checking

I'm curious, but what do you mean by the Washington Mutual outfit? Do you mean like the uniform or a representative? You've been there haven't you? Can you tell me how different were their offices from the competition? I've heard they seem very casual like a living room.