In 2008, he was CEO of the biggest bank to ever fail. He's worried about another crisis
CNN
Kerry Killinger, who was named CEO of Washington Mutual in 1990 and was fired in September 2008 just weeks before the bank failed as mortgage loans continued to go bad, spoke to CNN Business about the similarities and differences between now and 2008.
Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before the bank failed as a growing number of mortgage loans went bad. WaMu was one of several top financial firms to collapse during the financial crisis last decade, but the giant savings and loan with more than $300 billion in assets still ranks as the biggest-ever bank failure. WaMu was seized by regulators in September 2008 and sold to JPMorgan Chase (JPM) for a fire-sale price of $1.9 billion.
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