For those of you who missed 60 minutes last night, they did a 13 minute segment on Paul Bishop a whistle blower at World Savings Bank (which was Golden West Financial's bank subsidiary) who tried to alert bank management to the risks associated with the Pick-a-Payment Option ARM mortgages.
Wachovia bought out the bank near the peak of the market at $25 billion
"World of Trouble" (13 minutes)
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Showing posts with label Golden West. Show all posts
Showing posts with label Golden West. Show all posts
Monday, February 16, 2009
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