Seattle Bubble Forum Archive

It is good to be an executive.

I guess this is why Cramer added the entire WaMu board of directors to his wall of shame (not that I watch him, was just passing through).

"Let them eat cake!!".......

Time to reward the captain and officers for steering the ship onto the rocks.

Let's see, stock down over 60%, multi-billion losses, massive layoffs and office closings....and the SOBs give themselves a HUGE bonus???

Slappin each other on the back and saying "good work ol boy" to each other......unethical, immoral, greedy pigs.

What else do you expect when the foxes are running the henhouse?

I threw up in my mouth a little with I read this. I can only hope it induces the only logical response, which is a shareholder revolt that tosses these asshats out on the street (after stripping any golden parachutes). Beyond the obvious obscenity of excluding losses, this new plan gives a huge incentive to rape consumers for every last penny through whatever new fees they can dream up.

And who says they won't fail? I'm got some ideas for that big building downtown.

http://biz.yahoo.com/rb/080307/wamu_funds.html?.v=1

I wonder which exec thought up this advertising idea:

http://blogs.king5.com/citizenrain/2008 ... ng_ra.html

Now you know why their billboards say, "WOO HOO!"

edit: should've clicked the link in the previous post. Kary Krismer would not have made the same mistake.