If Ben Bernanke Had Spent More Time Searching For The Real Killer, The Dow Would Be At 20,000

Proving that dead tree journalism still has life, the Seattle Times has a terrific two-parter on the downfall of Washington Mutual.

As with all truly great journalism, it's the weaving of little details that makes the story:

Someone in Florida had made a second-mortgage loan to O.J. Simpson, and I just about blew my top, because there was this huge judgment against him from his wife's parents," she recalled. Simpson had been acquitted of killing his wife Nicole and her friend but was later found liable for their deaths in a civil lawsuit; that judgment took precedence over other debts, such as if Simpson defaulted on his WaMu loan.

When I asked how we could possibly foreclose on it, they said there was a letter in the file from O.J. Simpson saying "the judgment is no good, because I didn't do it."

picard facepalm

Via Overlawyered.

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Comments

  1. Mike says

    Er….Anyone else notice the "criminally insane" people wearing quasi-Jason/Halloween masks? Upper-right hand corner of the linked-to article. Not sure which is creeper: WaMu or criminally insane people wearing masks.

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