The Downfall of Washington Mutual |
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"We have gone from a general strategy of shrinking the balance sheet over the past 12 months to now one of growing the balance sheet. I see very good risk-adjusted returns in almost all the asset categories we are involved in"1 - Kerry Killinger, Chairman and CEO, Washington Mutual Inc., in 2007. "This is a company that does not make major mistakes... We do that by learning daily lessons."2 - Kerry Killinger, in 2001 on his success at increasing Washington Mutual's assets to US$ 220 billion from US$ 6.6 billion in just over a decade.
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1] Jim Cole, "Wamu Eyes a Return to Rapid Asset
Growth," www.americanbanker.com, August 27, 2007.
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