Sunday, February 10, 2013

Oh man, watching bank commercials from before the financial crisis is kinda painful/funny. Talk about schadenfreude.

WaMu
History
Founded: 1889 - Seattle, Washington
De-mutualized: 1983
Sale and effective dissolution: 2009
Major Acquisitions:
10/2005 - Providian (subprime credit card provider): $6.5 bn.
2002 - Homeside Lending, Inc., Florida - WaMu covered really covered all of the housing boom regions.
2001 - Fleet Mortgage Corp.
2001 - PNC Mortage
2001 - Bank United Corp. of Texas - broad retail financial services, including mortgage origination.
2000 - Alta Residential Mortgage Trust - California
etc. source: [WaMu Wikipedia Page]

Hilarious ads (in retrospect)




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