June 22, 2008

Corrupt toxic lender Washington Mutual lays off another 1,200. 15,000 down, only 44,683 to go.


Working for these ENRON2008 candidates has to kinda suck.

I feel for the people losing their jobs, but WaMu should serve as a message to future generations - when you find yourself working for an unethical, corrupt, dirty company like WaMu, get your ass in gear and go find a new job.

Life's too short to work for WaMu. Or Countrywide. Or Indymac. Life's too short to knowingly enable rampant crime. Life's too short to lose your life savings on your corrupt company's crummy stock.


What we need now is a wave of whistle-blowers. Time for some heroes.

Washington Mutual cuts 1,200 jobs after big losses


Washington Mutual Inc (NYSE:WM - News) said on Thursday it eliminated 1,200 jobs, following mortgage losses that some analysts have said will keep the largest U.S. savings and loan from turning a profit before 2010.

The cuts affect roughly 3 percent of the thrift's employee base. Washington Mutual has said it ended March with 45,883 employees, down from 49,403 at year-end.

In an e-mail, Washington Mutual said it was cutting jobs that support its home lending unit, centralizing some support functions, and focusing on "mission-critical activities." It said the cuts were meant to boost efficiency and restore profitability.

At the end of 2005, well before the housing crisis began to take hold, the thrift had employed more than 60,000 people.

8 comments:

Lost Cause said...

May the swirl of Washington Mutual drag down Bank of America and Wells Fargo into the rightfully waiting sewer where they all belong. The day can't come soon enough for me.

Siged,

A Customer

DIE U PIGS said...

Justice Served.

Fuck their employees. They are enablers as well.

Enjoy the Ramen.

DIE U PIGS

Ibod said...

WAMU and its employees should all be tossed on the scrapheap of failed mismanaged businesses.
No pity here.

Your Friendo said...

Nothing to add really, other than that blonde wearing the WaMu shirt is really HOT (in a skanky, wearing too much mascara kind of way).

sundry vermin said...

>May the swirl of Washington Mutual drag down Bank of America and Wells Fargo into the rightfully waiting sewer (where Greg Swann lives), and where they all belong.

Anonymous said...

WaMu in Texas is all for illegal immigration. As long as you have a pulse they will make an account for you no questions asked.

BUT...if you are a citizen with a social security number you can bet your a** they will turn you into in the govt. for anything that violates the smallest policy.

Anonymous said...

"May the swirl of Washington Mutual drag down Bank of America and Wells Fargo into the rightfully waiting sewer where they all belong. The day can't come soon enough for me.

Siged,

A Customer

June 22, 2008 10:58
"

I agree 100% Fuck them ALL !
The BLOWBACK is comming !

Anonymous said...

Top management and the BOD are still buying ivory backscratchers. I believe they got record bonuses for 2007