The WaMu rap: “I like big bucks and I cannot lie”On the eve of the GFC, Washington Mutual employees at a company retreat busted out a fat cats version of Baby Got Back. “You gotta spends, like it never ends, cuz you gotta have that big new Benz”. Impeccable timing.
Washington mutual
Bank DeathWatch: three more US lenders fail
As more US banks close, the much more stable Commonwealth Bank has issued a dividend warning, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Bernanke turns to some colourful Wall St advisors
US Fed Chairman, Ben Bernanke, reportedly met with Wall Street players, Lewis Ranieri and Raymond Dalio, before cutting rates last month — interesting choices for advisors, writes Adam Schwab.
