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Re:WaMu Fails. First major comercial bank to go. by MaysonL on Saturday September 27, 2008 @11:34PM (#317383)
What kind of board of directors would approve such a retarded amount?

A board of directors in a state of panic. Note that Mr Fishman was serving as Chairman at the third largest mortgage brokerage in the country (who do commercial, industrial and multi-unit residential deals - not sub-prime stuff) - not the type of job to leave for a company about to go under without big incentives.

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