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steved_45

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steved_45

Re: Lawrence 147 post# 21609

Monday, 05/10/2010 1:32:23 PM

Monday, May 10, 2010 1:32:23 PM

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I consider an institution as big as WaMu to have failed if it didn't have the proper risk management established for the prevention of the "destruction" that took place. IMO

In other words, why did WaMu not have the proper mechanisms in place to prevent market forces?

Was WaMu required to keep the loans on their balance sheet after making the required risky loans?
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