29 December 2008

House We Used to Live In

Today's video is another visit to the 80's, inspired by this weekend's Times article laying out WaMu's irresponsible loan practices. The opening quote from the Times, excerpted below, delivers quite a wallop:

"We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe’s-Home Depot did to their industry. And I think if we’ve done our job, five years from now you’re not going to call us a bank.”

— Kerry K. Killinger, chief executive of Washington Mutual, 2003

Another bit of inspiration, the infamous David Lereah, whom JVL and I disdainfully discussed this weekend, and on whom JVL posted.

So without further ado, here's a slice of Jersey power pop, courtesy of the Smithereens:

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