Beyond the subprime mortgage crisis beginning the recession in Dec 2007, what triggered the stock market collapse in Sept-Oct 2008. The unjust and irrational WaMu Bank seizure is as much to blame as Lehman Bros, or the bailout hearings.
http://www.wamu-shareholders-resources.com
It is not that WaMu was "so healthy", it is that WaMu was an unjustified and irrational smash and grab seizure done on the fly, that ruined investors and rolled the dice with the US economy, and lost. You can watch WAMUed Nation, another video uploaded to this channel and/or read WaMued - The Story at the website linked in the side bar to learn more.
testorx2 2 years ago
Interesting vid. I didnt quite catch the argument though about why you think wamu was so healthy though...
DonPaulPro 2 years ago