Entries from Seattlest tagged with 'mortgage'
July 14, 2008
It's not a good day for a bank when the Seattle Times story on the crater your stock fell into begins like this:Your money is safe if its in an institution insured by the FDIC. The Federal Deposit Insurance Corp. covers up to $100,000 per institution, and even may provide additional coverage for IRAs in those banks.Washington Mutual had to do something banks hate to do, which is explain publicly how much money there is......
Continue Reading "WaMu Closes Day at $3.23 per White-Knuckled Share"July 8, 2008
Today in two-newspaper town coincidences: real estate made the front page of both the Seattle Times and the P-I. "King County home sales edge up in June," says the Times, while the P-I makes a stronger claim for temperature-based sales, "Local housing market warming up with the weather." Both are referencing an insignificant increase from last month--compared to a year ago, sales are still down almost 34% and listings are up about 42%. That has......
Continue Reading "Housing Market Is Safe as Houses, Say Papers"April 16, 2008
Business Week scores yesterday's WaMu shareholders meeting, "activists three, bank zero." The Seattle Times settles for "contentious," while the P-I has this leading question for CEO Kerry Killinger from Lee Lannoye, a shareholder and former WaMu executive vice president: "You have destroyed the company--why are you not being held accountable?" MSN Money captures the executive team in action at Benaroya Hall like so:"I just want people to calm down and have a little faith," said......
Continue Reading "WaMu's Shareholders Meeting Not a Snoozer"