just was closed by the gov and sold to chase,i guess there are people making money on this debacle,im sure chase will do very well with that banking franchise. from experience,wash mutual would fund any deal,sometimes it was hard to keep a straight face at closing.

And that illustrates the problem. When a system is created that enables loan officers to make money by volume, with no fear of financial risk, you can be sure it won't take long for them to figure it isn't worth their time to thoroughly vet their applicants.

Agree.What really bothers me about this whole bailout/rescue ,is why do we have to pay for the mistakes of all the wealthy bankers ? they made a lot of money at the expense to others and no one cared ,not even our own government.If theres a bail out at our expense,i think that there should be a probe into some of their bank accounts,especially the heads of Countrywide.

like this guy!he couldve sold it back when ,now all these people lost their stock in this bank.



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