By Ignoring the Treasury Secretary’s Advice, Did WaMu Make the Worst Possible Deal for Itself?
Posted on November 10, 2008 at 14:46 PM EST
U.S. Treasury Secretary Henry M. “Hank” Paulson Jr. warned former Washington Mutual Inc. (OTC: WAMUQ ) Chief Executive Officer Kerry Killinger to sell the thrift to JPMorgan Chase & Co. ( JPM ) two months before WaMu failed, both The Seattle Times and Bloomberg…