Thursday, June 12, 2008

Comments on Wamu

From CEO Kerry Killinger when asked about the security of his job as he spoke to the Seattle Rotary Club---"We have a very strategic plan in place." ---brings to mind Jon Stewart channeling George Bush, that's very strategic.

From Eric Wasserstrom, bank analyst at UBS--- "Wamu will lose $21.7 billion from mortgages through 2011." ---smart as hell those analysts today, not 21.8 not 21.6.

Again from Killinger last week ---"This is about as challenging as it gets for any of us in home lending. We have to make a conscious deliberate choice to fight to the last." ---really encouraging phrasing.

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