WaMu manager admits to taking bribes

Jan 16, 2014 Read more: Housing Wire

A former bank collections manager for Washington Mutual pleaded guilty to accepting bribes from a collections agency in exchange for business referrals.

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BPT

Bridgeport, CT

#1 Jan 16, 2014
this does not surprise me..........

I feel the entire mortgage crisis was called by bank officers who would loan money to those who had no ability to pay it back..........they knew it, collected a commission, and suffered no consequence when people defaulted.

this woman got caught up in that undercurrent and probably did something that has been going on for a while.
but
she will get a slap on the wrist like most white collar criminals

Since: Aug 10

Location hidden

#2 Jan 16, 2014
The thief won't need referrals to go to jail. Shame on her.
DAW LIVES

United States

#3 Jan 17, 2014
BPT wrote:
this does not surprise me..........
I feel the entire mortgage crisis was called by bank officers who would loan money to those who had no ability to pay it back..........they knew it, collected a commission, and suffered no consequence when people defaulted.
this woman got caught up in that undercurrent and probably did something that has been going on for a while.
but
she will get a slap on the wrist like most white collar criminals
The mortgage crises was caused by Bush's insistence that banks make home loans to stupid, ignorant blacks and Hispanics who had no way to pay them back. That's just how things go- coloreds ruin EVERYTHING.

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