Founded in Seattle in 1889, Washington Mutual (WaMu) originated as a mutual savings and loan institution that went public in 1983 and as a result of lending practices, hiring techniques, and other poor decisions failed in 2008. A leader in bank acquisitions from 1983 through 1992, the organization surged to 2,200 branches before its failure. Offering innovative technologies, such as ATMs and “step-rate” loans in the mid-1970’s, and techniques at the time, the firm eventually buckled under the culture
The global financial crisis of 2008-09 caught many of the worlds largest financial institutions by surprise. In the case of Washington Mutual the decade prior to the collapse was spurred on by rapid expansion at the expense of good corporate ethics. As Weik E. 1993 theorized, the lack of sound business practices in a rapidly expanding organization can cause structural issues as the institution integrates with institutions operating under a different corporate culture. For an institution to succeed
(2008). Americas Housing and Financial Frauds US. Silver peak Enterprises. Sara Hanshard, 13 April 2010, Washington Mutual’s Reckless Lending Practices Highlighted At Hearing, AOL Mail Daily Finance, retrieved from http://www.dailyfinance.com/story/credit/washington-mutuals-reckless-lending- practices-highlighted-at-he/19437561/ The New York Times. (April 14, 2010). Washington Mutual. Retrieved August 11, 2010, from http://topics.nytimes.com/top/news/business/companies/washington_mutual_inc/index
admitted to entering, “secret agreements with bidding agents (2).” The motivation behind this wa... ... middle of paper ... ...July 2011. Web. 9 Apr. 2012. . 3. Hilzenrath, David S. "J.P. Morgan to Pay $153.6M in Fraud Case." Washington Post. The Washington Post, 22 June 2011. Web. 09 Apr. 2012. . 4. Post, The Huffington. "JPMorgan, Bank of America, Wells Fargo Accused Of Overcharging Military Veterans." The Huffington Post. TheHuffingtonPost.com, 10 May 2011. Web. 09 Apr. 2012. . 5
service through implementing the paperless office. This is because communication is immediate and does not get lost in a pile of papers on someone's desk. A paperless office can also save the company money. This can be seen in the example of Washington Mutual Savings Bank of Seattle. The bank automated more than one-hundred different forms and estimates that they are saving upwards of one million per year. One disadvantage to having a paperless office is the issue security. How does a company make
when things are going well but when things begin to go bad. And having the ability to deal with those problems strengthens one as a person. Dudley Weeks, PH.D. is widely commended as one of the world’s leaders in conflict resolution. He lives in Washington, D.C., has worked in over sixty countries and has counseled thousands of businesses, families, and communities in the United States. Dr. Weeks has twice been nominated for the Noble Peace Prize. Dr. Weeks is now teaching conflict resolution at the
being of its citizens. Throughout the history of the United States Social Welfare programs have been subject to many changes, due to the changing philosophies of Us Citizens. During Colonial times Social Welfare needs were met primarily through mutual aid. The majority of people lived in farming communities. People in these communities lived in extended families. People generally worked together to support each other. If a person had a problem their families and communities reached out to help
Rousseau. Not just freedom, then, but also rationality and morality, are only possible within civil society. And civil society, says Rousseau, is only possible if we agree to the social contract. Thus, we do not only have to thank society for the mutual protection and peace it affords us; we also owe our rationality and morality to civil society. In short, we would not be human if we were not active participants in society. This last step determines the heavily communitarian perspective that Rousseau
ragged world . . . There he would sit and give treasures out . . . to the final generation" (47). Or again: "If the songs were true, as I suppose at least one or two of them were, there had always been wars, and what I'd seen was merely a period of mutual exhaustion." (34). The phrase "Oceania was at war with Eurasia; Oceania had always been at war with Eurasia" comes to mind (1984, 236-237). Gardner uses the Grendel quotations to show humans attempting to change the past to reduce the image of barbarism
then returns to Geneva where he is studying, but agrees to visit Daisy again that winter in Rome. When winter comes around Winterbourne goes to Rome to visit Daisy. While Winterbourne was away Daisy met a suitor named Mr. Giovanelli. Later, when a mutual friend named Mrs. Walker throws a party, Daisy arrives with Giovanelli. Mrs. Walker does not approve of Daisy being seen in public with all of these men and makes the decision to stop speaking to Daisy. Daisy is not happy about Mrs. Walker snubbing
Between them is Ayesha, or She-who-must-be-obeyed: beautiful but dangerous, intelligent and devoted but destructive, all-powerful but isolated by her power. Although She falls desperately in love with Leo, it is clear that her strongest bond, one of mutual understanding, respect, and love, is with Holly. But in spite of the wisdom of thousands of years that Ayesha possesses, it is shallow, physical beauty that leads her to choose Leo, and leads to her destruction. L. Horace Holly, the narrator of
just by the virtue of existing. If they did not exist the play would not either. If the play did not exist then the characters would not either. The characters and the play are codependent and need to have a symbiotic relationship to ensure their mutual survival. A lack of characters in the play would make very difficult reading and perhaps more difficult viewing. A lack of characters would necessitate some other device to be used and a substitute has not been found that replaces the role characters
project and how the process will take place. The OD contract will generally address three key areas: setting mutual expectation or what each party expects to gain from the OD process; the time and resources that will be devoted to it; and the ground rules for working together and the stating of what are the proper roles of all the parties involved including the practitioner. In this process, a mutual agreement is established between the OD practitioner and the members of the client system in how the OD
“According to Dennis Kinlaw successful coaching is mutual, communicates respect, problem-focused and change-oriented'; (p. 25). BACKGROUND The first phase in becoming a successful coach and motivator is a successful coaching conversation, managers should involve subordinates fully in the communications process. Successful coaching is not a didactic process – one in which the manager instructs and the employee listens. It should be a process of mutual exploration and discovery. Coaching is a process
The security dilemma can be used explain and predict ethnic conflict within a given state. Posen’s argument is supported by the belief that the basic tenets of realism provide a clear view of the security dilemma and its relationship with ethnic conflict. I believe the security dilemma in general is largely based in realist theory, and therefore fails to view international relations fairly. I believe that liberalism offers important insight into dealing with conflict that Posen fails to address.
his death Brown is remembered only as a stern man: "they carved no hopeful verse upon his tombstone; for his dying hour was gloom"(75). Hilda from _The Marble Faun_ also loses a sense of her own humanity by clinging too closely to the idea of the mutual exclusivity of virtue and sin. Hilda, in devoting herself to prescribed Puritanical values, forces herself to reject the friendship of her closest confidant, Miriam because she refuses to effectively deal with the ambiguity of sin in the guise of
The Powerful Message of Ayn Rand’s Atlas Shrugged Capitalism, according to John Galt, is "mutual trade to mutual advantage," (Rand Atlas Shrugged 989) or as Adam Smith put it: "[trade] by mutual consent and to mutual advantage." In true capitalism, the economy is strictly separated from the state, just as there is a separation between church and state in the USA. This basic tenet of capitalism describes the only economic system that can be morally justifiable. Communism, fascism, socialism
My hair is an extrovert, gaining energy from those around her. I am an introvert, preferring to curl up with a good book. For many years, I coveted anyone's hair that was anything that my hair wasn't. Despite our differences, we have come to a mutual understanding. And, now, I can say, with some confidence, that my hair and I are friends, not just forced to be together because of genetics. But I can admit this only after years of hard lessons and experience. I can't remember the day my hair
carries the notion much farther by attacking the mythology of his time and giving definition to the ineffable source of life. The famous writers "attributed to the gods all things that are shameful and a reproach among mankind: theft, adultery, and mutual deception" [2]. Illogically also, humans thought that gods were born and had clothing, voices, and bodies as well [3]. Surely, gods had to be more than glorified albeit often more immoral than humans, by the definition of "god." Probably Xenophanes
to but what would be the best summer of our lives. My best freind Ben and i were relaxing by the pool soaking up the sun as we started to talk about what we wanted to do for the summer and the rest of our lives. In the midst of our conversation our mutual love of music came about and he shouted these words which started it all...."lets do it man, lets start a band!" Now i had played the guitar for years now, played in a few bands.....nothing i ever saw potential in. Ben had had a very long stay