Thursday, November 8, 2012

The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History

Choices. Any reader interested in the financial crisis should read Kirsten Grind’s The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History. Through lots of interviews and research, Grind digs into the weeds of what happened at Wamu, and finds ways to keep readers engaged and interested in the story of the people and their decisions. This is a story about choices: the selection of people for certain jobs, and the decisions they made. The contrast between two former CEOs was enlightening: Lou Pepper and Kerry Killinger selected choices that made the bank strong in the former case and weak in the latter. I was entertained, captivated, enthralled and angered by this story. Grind does a great job in bringing a company to life and in explaining a complicated story in a way that all readers can easily understand. Rating: Four-star (Highly Recommended) Click here to purchase The Lost Bank from amazon.com.

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