This Explains A Lot

The local blogosphere has fastened on the news that WaMu's former president and COO Stephen Rotella is asking $6.25 million for his 1909 Capitol Hill mansion--the Stranger's investigative reporter Dan Savage bicycled by to produce a photo of the real estate in question. Ironically, the asking price exhibits the kind of crazy thinking that sank WaMu; Rotella bought the place for $3.78 million just three years ago. Now, during a major market downturn, he apparently thinks he's due a 65 percent return. That's a lot of fixer-upping!