A big shake up at Washington Mutual, the biggest U.S. Savings & Loan, as the CEO of 18 years is fired after he steered bank into investing into subprime loans with $6.3 billion in losses causing bank stock to plummet 90% over the last 12 months. Here's the link to the story:
http://video.google.com/videoplay?docid=2921246041637665947&ei=V0vGSIOvFov8-gGr0qjZDg&q=washington+mutual&vt=lf
The bank is now also under scrutiny by federal regulators. CEO Kerry Killinger 
caused bank to skyrocket from a small bank in 1992 to the nationally prominent lender it has become. Here is a link to this story:
caused bank to skyrocket from a small bank in 1992 to the nationally prominent lender it has become. Here is a link to this story:
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