Ousted? Or Relieved?


	Ousted? Or Relieved?

klippety

9-8-2008 6:27 PM

224 views

klippety says:

That man made more money as chief of a looming disaster and now, as with Palin in politics, a figure is supposed to distract from the real issues. Masquerade. This and other issues related to the banking-mortgage-insurance industries are the cause, not the symptom of an ill and devastating approach to economics. More foxes to guard the hen-house, ha!

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from September 8, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f644aee3-eabf-4ad1-b33e-947ad47ffe11/D9616215-8D90-4BE6-8BC5-FFE175B1FADA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/innovationNews/idUSWEN782220080908" href="http://www.reuters.com/article/innovationNews/idUSWEN782220080908" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/innovationNews/idUSWEN782220080908"><H1>WaMu ousts CEO, faces regulatory oversight</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/innovationNews/idUSWEN782220080908"><P>NEW YORK (Reuters) - Washington Mutual Inc (WM.N: <A href="http://www.reuters.com/stocks/quote?symbol=WM.N">Quote</A>, <A href="http://www.reuters.com/stocks/companyProfile?symbol=WM.N">Profile</A>, <A href="http://www.reuters.com/stocks/researchReports?symbol=WM.N">Research</A>, <A href="http://reuters.socialpicks.com/stock/r/WM">Stock Buzz</A>), the largest U.S. savings and loan, ousted Kerry Killinger as chief executive and has been put under special regulatory supervision, following skyrocketing losses from mortgages that are expected to weigh on results for years.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/innovationNews/idUSWEN782220080908"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.reuters.com/img/38C71951-4584-4887-8296-8B97816D0EBB" alt="Photo" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/innovationNews/idUSWEN782220080908"><P>Alan Fishman, 62, chairman of mortgage broker Meridian Capital Group and a former chief operating officer of Sovereign Bancorp Inc (SOV.N: <A href="http://www.reuters.com/stocks/quote?symbol=SOV.N">Quote</A>, <A href="http://www.reuters.com/stocks/companyProfile?symbol=SOV.N">Profile</A>, <A href="http://www.reuters.com/stocks/researchReports?symbol=SOV.N">Research</A>, <A href="http://reuters.socialpicks.com/stock/r/SOV">Stock Buzz</A>), was named to replace Killinger, who had run the Seattle-based thrift since 1990.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/innovationNews/idUSWEN782220080908"><P>Washington Mutual's expansion into subprime and other risky mortgages led to $6.3 billion in losses over three quarters, and caused the stock to lose nine-tenths of its value in the last year. The thrift has said losses from one-family residential mortgages could approach $19 billion through 2011.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D9616215-8D90-4BE6-8BC5-FFE175B1FADA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips