What a shame that WAMU is being put on the chopping block for what was the industry standard back in the early 2000’s. What nobody wants to talk about is the fact that it was Wall Street who was demanding these type of loans. Stated income, stated assets otherwise known as “Liar Loans” were the norm not the exception. 

Why are the Wall Street boys who made sure that there was a liquid market for these loans not on the chopping block? 

I say leave WAMU alone unless you are going fishing with a huge net for all the other banks who did exactly the same thing. At this point, lets all just move forward and just realize that greed was the culprit, not the banks.