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catman26

11/04/08 11:43 AM

#37858 RE: hahawin #37857

Just a little exert from Headwaters News. Means little I know, but interesting.

Former loan officers of Washington Mutual detail pressures
As the wheels began to fall off the subprime mortgage bus, loan officers at Washington Mutual said they were increasingly pressured by superiors to approve loans no matter what, and now those former employees are sharing their experiences with investigators to help shareholders pursue claims against executives of the Seattle mortgage company.
New York Times; 11/03/2008