> To follow up on that point.. for those of you who are not aware... all
> of them came from JPM!

> Taj Bindra:
> Bindra was executive vice president for home loans finance and
> servicing operations at WaMu. He joined the company in late 2004 from
> JP Morgan Chase, where WaMu also recruited president and chief
> operating officer Stephen Rotella. (Notice the 2004 time frame again)

> John Berens:
> John Berens 23 years at JP Morgan Chase
> Senior Vice President, Loan Servicing (WAMU)http://www.highbeam.com/doc/1G1-13123367...

> Youyi Chen: Youyi Chen, Ph.D., leaded the Mortgage Portfolio
> Management and Research Group. Under his strong leadership, this group
> was be responsible for consumer behavioral research into pricing
> sensitivity; prepayment modeling and analysis; and portfolio
> management including the management of pricing, risk analytics and
> funding strategies. Most recently, he served as a senior vice
> president responsible for managing the interest rate risks of JP
> Morgan Chase's mortgage servicing rights (MSR) portfolio.

> Bill Murray: Bill Murray, a mortgage business veteran, will become
> division finance officer of Mortgage Servicing on March 1. In this
> role, Murray will be responsible for forecasting, planning, reporting,
> risk analytics, communication, and performance management for MSR and
> Service Delivery. He will be located in the company's New York City
> office. At his former company,JPM; Murray led the MSR valuation,
> pricing and reporting functions for the Capital Markets group.

> "We're very pleased to have recruited such fine talent to our Home
> Loans team, and we're confident we'll soon find a seasoned mortgage
> executive to lead this group going forward. In the meantime, I look
> forward to working with this team, whom I know very well, to ensure we
> sustain the excellent progress that Craig Chapman has made in
> transforming our mortgage business," said Rotella."

> You don't say Rotella is speaking on the hires. And he knows them very
> well...great!

> They had a five year plan in place.... seems like they accomplished
> their goal early... it only took about 4.5 years to tarnish WAMU's
> reputation with mortgages enough for the OTS/FDIC to step in.

> Another name to keep in mind is Dale L. George.
> "Dale George, a former WaMu senior risk manager who spoke exclusively
> to ABC News, explained that risk managers are like the brakes on a
> car. WaMu executives "took the brakes off and drove over a cliff," he
> said."

> George was fired.....
> "WaMu denied any wrongdoing and said the firing wasn't retaliatory."

> Interesting... I wonder if he was fired by an ex-JPM employee!

> On Jul 1, 10:18 pm, koi <takamiyada...@gmail.com> wrote:

> > So.. as we have all been told over and over again "Washington Mutual's
> > toxic mortgages were the reason it had liquidity problems"

> > Okay.. so we may not agree with the statement above..however lets run
> > with it and say for one second that we want to believe its true.
> > Imagine (without getting sick that you are a JPM lawyer and that is
> > your strongest defense). How do you explain the following:

> >http://www.bizjournals.com/atlanta/stori...

> >http://seattletimes.nwsource.com/html/bu...

> > In the link above (2nd one) he actually completely diverts the
> > question about what brought down WAMU.

> > "Asked about his role in the mortgage problems that brought WaMu down,
> > Schneider said, "There will be never-ending discussion around home
> > lending, and what I'm focused on now is the retail side and making
> > sure we do the integration well."

> > So we (JPMC) were able to acquire WMB for the low 1.89 Billion the
> > FDIC sold it to us for. Now we are aware that we will have to write
> > off huge loses becuase of the toxic mortgages... and we have a chance
> > to clear house (dismiss all WMB employees) yet lets bring on David
> > Schneider.

> > Link belos is David Schneider's offer letter by WMB in 2005.http://contracts.onecle.com/wamu/schneid...

> > Wait... did you notice Steve Rotella signed his offer letter. Isn't
> > Rotella under the scrutiny of the Texas Action for serving as a
> > mole????

> > So... I find it interesting that Rotella COO for WMB was the person
> > who signed David's offer letter. Does anyone else find this
> > interesting. Also keep in mind that Rotella left JPM in 2004 for
> > WAMU.Last I can find on Rotella is his name in the Texas Action.

> > Rotella was closely linked to Schneider's hiring... Here’s what the
> > Chief Operating Officer said about David Schneider when he was hired:

> > “David Schneider has a proven track record of success in leading and
> > growing a national home lending business, as well as solid experience
> > with cross selling home loans across a retail banking network and
> > other distribution channels.”

> > Ummm Rotella... you want to reword that?
> > It's alright I guess Killinger said the same... so your not alone.

> > And here is a link that 'hints' at the irony of Rotella going from JPM
> > to WMB to being let go by JPM.http://www.businessinsider.com/2008/10/j...

> > "Ironically, Mr. Rotella had run J.P. Morgan's mortgage business
> > before he joined WaMu at the end of 2004."

> > To being the most famous mole in the decade Rotella this buds for you!