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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of Washington Mutual Bank , which was the largest savings and loan association in the United States until its collapse in 2008.
If the sale had not gone through, the toxic assets held by WaMu would have exhausted the FDIC's insurance fund completely. The report found that WaMu sold high risk Option Adjustable-rate mortgages (Option ARMs) in bulk, specifically to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation (Freddie Mac). [6]
While CEO of Washington Mutual in 2007, Killinger earned a total compensation of $14,364,883. [13] In 2008, he took home $25.1 million in compensation. Killinger received a $15.3 million severance payment in September 2008 "as well as a $445,200 lump-sum payment for vacation benefits and a $300,669 'special payment'".
Interest on a CD is taxable as ordinary income, but the potential tax savings from using Roth IRA money for CDs typically isn't worth it. Consider that the best 5-year CD rates are currently ...
Here’s a look at historical CD rates from 1965 to 2024 to see how they’ve changed and ... according to the St Louis Fed’s 3-month historical CD rates chart. While rates were high in the ...
Source: IRS. Note the middle categories ranging from $173,000 to $183,000 of AGI for joint filers and from $110,000 to $125,000 for single filers.
Washington Mutual's last weeks Alan H. Fishman (born 16 March 1946) [ 1 ] is an American businessman. He was the last CEO of Washington Mutual (WaMu) [ 2 ] prior to federal regulators seizing its assets on September 25, 2008.
Explore the best mutual funds for Roth IRAs to grow your retirement savings tax-free. Find top funds and see how they can help you build a strong financial future. ... Three-year return rate: 10. ...