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VoIP (Free subscription) | 29/12/2008
By PETER S. GOODMAN and GRETCHEN MORGENSON Published: December 27, 2008 “We hope to do to this industry what Wal-Mart did to theirs,Starbucks did to theirs, Costco did to theirs and Lowe’s-Home Depotdid to their industry. And I think if we’ve done our job, five years from now you’re not going to call us a bank.” SAN DIEGO — As a supervisor at a Washington Mutual mortgage processing center, John...
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Vox Verax (Free subscription) | 29/12/2008
By PETER S. GOODMAN NYT Borrowing and spending beyond ordinary limits largely explains how Americans got into such economic trouble. For decades, businesses and consumers feasted relentlessly, as if gravity, arithmetic and the tyranny of debt had been defanged by financial engineering. Armed with credit cards and belief in a bountiful future, Americans brought home ceaseless volumes of iPods...
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The Big Picture (Free subscription) | 28/12/2008
courtesy of NYT > Source: By Saying Yes, WaMu Built Empire on Shaky Loans PETER S. GOODMAN and GRETCHEN MORGENSON NYT, December 27, 2008 http://www.nytimes.com/2008/12/28/business/28wamu.html
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Libertarian Democrat Point Of View (Free subscription) | 28/12/2008
From The NY TIMES, a post by PETER S. GOODMAN and GRETCHEN MORGENSON : “We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe’s- Home Depot did to their industry. And I think if we’ve done our job, five years from now you’re not going to call us a bank.” Skip to next paragraph Enlarge This Image Sandy Huffaker for The New York Times...
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qwstnevrythg.com (Free subscription) | 30/11/2008
http://www.nytimes.com… By PETER S. GOODMAN From the Great Depression, we remember the bread lines. From the oil shocks of the 1970s, we recall lines of cars snaking from gas stations. And from our current moment, we may come to remember scenes like the one at a Long Island Wal-Mart in the dawn after Thanksgiving, when 2,000 frantic [...]
