Former CEO of Washington Mutual - Kerry Killinger | PBD Podcast | Ep. 185
PBD Podcast
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The Downfall of Washington Mutual
This chapter explores the factors leading to the collapse of Washington Mutual, focusing on their risky lending practices, including subprime mortgages and inflated appraisals. It discusses the impact of these practices on both the financial institution and the broader housing market during the late 2000s crisis. Personal experiences and reflections on competitive dynamics in mortgage lending reveal the interconnected nature of the financial ecosystem and the consequences of aggressive risk strategies.
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Transcript
