Washington Mutual gave a mortgage to O.J. Simpson
Posted by: admin in Real Estate and HousingFiled under: Housing
With a $33.5 million judgment outstanding against him, O.J. Simpson would seem like a really, really dumb person to lend money to.
But during the boom years of mortgage malfeasance, it seems, there was a really, really dumb lender ready and waiting to serve each really, really dumb borrower.
The Seattle Times takes a long look at the collapse of Washington Mutual, and the greed, lack of internal controls, and reckless, short-term growth and stock price-obsessed corporate culture that led to its demise. Midway through the piece, Fay Chapman, WaMu’s chief legal officer from 1997 to 2007, dropped this bombshell:
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Washington Mutual gave a mortgage to O.J. Simpson originally appeared on BloggingStocks on Wed, 25 Nov 2009 16:30:00 EST. Please see our terms for use of feeds.
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