Former WaMu CEO Sees a Housing Bubble Forming Because the Fed Is ‘Hooked’ on Low Interest Rates

Like many other banks, Washington Mutual rode the wave of low interest rates to grow its mortgage business during the housing boom of the early 2000s. During Kerry Killinger’s time as CEO, WaMu grew to have more than $300 billion in assets.

 

 

Photo Credits: Getty Images/Mark Wilson

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