WaMu Built Empire on Shaky Loans
http://www.nytimes.com/2008/12/28/business/28wamu.html?pa...
The Times takes a look at WaMu's no-loan-too-insanely-implausible culture. They once approved a loan for a borrower who claimed to be making a six-figure income as a mariachi singer. Oh, and the WaMu employee who approved the loan had drug paraphernalia just sitting out on his desk, because the place was just that crazy.

