Quoting the Crisis27/10/2009
“ What few people knew was that bank executives crafted a radical new business strategy in 2003 that was intended to boost profits. The new WaMu used huge sales commissions and misleading marketing to hawk risky and overpriced loans to borrowers. In short, WaMu became one of the nation’s biggest predatory lenders. „
David Heath in Business & Technology | Part two | WaMu: Hometown bank turned predatory | Seattle Times Newspaper
Quote posted at 19:07
