Slog - Comments on The WaMu Meltdown http://slog.thestranger.com/2008/09/the_wamu_meltdown In this week's online edition, eight Stranger writers consider the Washington Mutual meltdown: What it means, the pro and cons of converting your cash to gold, and whether this might be a good time to panic. Jonathan Golob on where it all went wrong: Then the housing bubble popped and some of those "top-rated" loans were no longer getting paid. Worse, it became impossible to sort out the good top-rated debt from the bad top-rated debt, because the banks collected so little information. WaMu—like many other financial organizations that invested in these "safe" investments—can only sell these mortgage-backed investments for... Copyright 2008 Fri, 19 Sep 2008 15:48:20 -0800 Fri, 19 Sep 2008 17:25:40 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss Comment by David Wright Your stories are fun! The sort of quirky, personal perspective on the financial crisis that plays to The Stranger's strengths. Except, of course, for Charles contribution.

]]> David Wright http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146714 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146714 News Fri, 19 Sep 2008 16:05:50 -0800 Comment by Original Andrew @ Bethany Jean Clement,


First of all, can we please stop blaming the people that work at branches and call centers for the severe fuck***ups of the Harvard MBAs in upper management? These people work their asses off, have families to feed, most of them truly care about their customers, and they've made WaMu's branch network rock-solid. WaMu's management treats them like total crap, btw.


Second, what exactly do you suppose Bank of America/Merrill Lynch is gonna do with your money? That was well thought out.


]]> Original Andrew http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146732 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146732 News Fri, 19 Sep 2008 16:26:37 -0800 Comment by nipper HOLD IT!?!?! My FELLOW stranger staffers w/$$$ STILL in Wamu AFTER they were CON the MONORAILl!! SHIT. WTF guys? I'm so telling Josh Feit!

]]> nipper http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146734 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146734 News Fri, 19 Sep 2008 16:29:53 -0800 Comment by Bellevue Ave BJC wrote something out of emotion, not analytics. are you surprised?

]]> Bellevue Ave http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146744 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146744 News Fri, 19 Sep 2008 16:42:29 -0800 Comment by joykiller This "article" is about as astute as the Stranger's sports coverage. Which is to say, not very.

]]> joykiller http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146749 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146749 News Fri, 19 Sep 2008 16:46:35 -0800 Comment by tomasyalba Way to be quick on the uptake and start owning the local story for us. Yay.
(and mike nipper for the win win win)

]]> tomasyalba http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146752 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146752 News Fri, 19 Sep 2008 16:49:34 -0800 Comment by Bellevue Ave I find it hilarious that savage did an ARM. Why? Why did you do it savage? Didn't you consult a crank or cynic beforehand?

]]> Bellevue Ave http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146754 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146754 News Fri, 19 Sep 2008 16:50:54 -0800 Comment by elenchos I'm telling you. Once you try banking the viking way, you'll feel like you went berzerk and pillaged your balance back to financial health. Plus, free axe with qualifying deposit.

]]> elenchos http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146773 http://slog.thestranger.com/2008/09/the_wamu_meltdown#c1146773 News Fri, 19 Sep 2008 17:25:40 -0800