Episode 1: Bulls & Bears
A look at the aftermath of The Great Depression through the Wall Street boom of the 1980’s.
Source: foxnews.com
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In 2008, he was CEO of the biggest bank to ever fail. He's worried about another crisis
Share This (CNN) — The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing. Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 — just weeks before the bank failed as a growing number of mortgage loans went bad. WaMu was one of several top financial firms to collapse during the financial crisis last decade, but the giant savings and loan with more than $300 billion in assets still ranks as the biggest-ever bank failure. WaMu was seized by regulators in September 2008 and sold to JPMorgan Chase...
Source: eastidahonews.com
Former WaMu CEO sees a housing bubble forming because the Fed is 'hooked' on low interest rates
‘Everybody wants to have asset prices forever going up and the cost of financing to be next to nothing,' Kerry Killinger says.
Source: msn.com