The Lost Bank
The Story of Washington Mutual-The Biggest Bank Failure in American History
The book discusses the fall of Washington Mutual Bank, examining the risky mortgage practices that contributed to the bank's collapse and the subsequent financial crisis.
So these loan officers, they frequently knew that they were making mortgages to people who had no chance of paying them back at all.
— Episode: You 2.0: Your Future Is Now
Episode: You 2.0: Your Future Is Now
The book discusses the fall of Washington Mutual Bank, examining the risky mortgage practices that contributed to the bank's collapse and the subsequent financial crisis.
So these loan officers, they frequently knew that they were making mortgages to people who had no chance of paying them back at all.
It is not an exaggeration when I say that literally dead people were getting mortgages.