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Former CEO of Washington Mutual - Kerry Killinger | PBD Podcast | Ep. 185
PBD Podcast
Wassi Mutuals
The thrift industry almost went broke in the eighties because they held too many fixed rate loans, and when interest rates rose, they all got stuck with those. So as a general rule, i'd say we sold nearly all of the fixed Rates that we did. We actually shrank our residential landing portfolio for the three or four years leading up to the financial crisis. And comes like washgton mutual reporting some losses, where we typically would report about four billion a year profitability.
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