
‘Too Clubby to Fail’
To the annals of “mild semi-regret” on Wall Street–deftly detailed by Max Abelson in this morning’s Observer–add the explanation from Washington Mutual’s former CEO, Kerry Killinger, for why his bank–the largest ever to fold–just happened to fail. From The Times:
“I just don’t think the company was treated in the same equal-handed, Read More