The anger poured out of shareholders, one after the other. Said another activist: “Sadly, here at WaMu, we really feel we have a board that has lost its way. It’s no longer a WaMu board; it’s more like a ‘WaMe’ board, short for ‘What’s in it for me?’ The Mutual is gone.”

From The Lost Bank: The Story of Washington Mutual—The Biggest Bank Failure in American History (June 12) by former Puget Sound Business Journal reporter Kirsten Grind

Filed under
Show Comments

Related Content

Article

Green and Blues Brother

12/08/2008 By Jim Gullo

OPEN LETTER

When Headlines Attack

12/20/2008

Article

Road Rash

12/27/2008 By Lee Fehrenbacher