Senate Report to Show How WaMu Became a Financial "Polluter"

washingtonindependent.com — The company decided in 2003 to move aggressively into subprime lending to bolster earnings, ultimately producing $77 billion in mortgage-backed securities. The company changed pay practices to prize quantity over quality. And it “built a conveyor belt to dump toxic mortgage assets into the financial system like a polluter dumping toxic substances Apr 13, 2010 View in Crawl 4