Apr 07, 2013Spacegopher rated this title 3.5 out of 5 stars
Informative, understandable, and believable.
Slow moving at the start, and the writing style is very plain.
She was mostly fair, but I thought she tended to excuse the WaMu executives a little too much.
The reasoning seemed to be sure they made a lot of bad loans, deceived a lot of borrowers, and misrepresented the bundles of loans they packaged, but they could have survived if only the regulators hadn't shut them down because of lack of liquidity.
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The Lost Bank