Originally Posted by kap17
The next one to watch is Washington Mutual... now that is a bank that is not too big to fail and their exposure to the west coast mortgage industry is very high.
The irony is that when Howard F. Ahmanson owned Home Savings, which Washington Mutual purchased in 1998, Home Savings was the soundest savings and loan and mortgage company in California. Home Savings was managed so conservatively, that if they were still around today, I doubt they'd be involved in the sub-prime mess.

Contrarian, extraordinaire