The Downfall of Washington Mutual Bank

#shorts #short #valuetainment #patrickbetdavid

In 2004 there's a bank in America that's Blowing up everybody's thinking it's Going to be bigger than Wells Fargo Bigger than b of a bigger than everybody The bank is called WAMU Washington Mutual one goes and becomes a third 330 Billion dollar company but when the Market is people realize they were given Loans out to people by this program Called no income no assets WAMU went From being a 330 billion dollar company To two years later Chase bottom for 1.9 billion dollars and That's exactly how it should be if You're too reckless in business you Should fail

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