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Despite lending crisis, WaMu expands loans

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Despite lending crisis, WaMu expands loans

 
Washington Mutual Chief Executive Kerry Killinger on Monday said the U.S. housing market was suffering through "a near-perfect storm," but he urged a Wall Street audience to look past the clouds and see a silver lining.
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He might as well have quoted Baron Rothschild, the 19th-century financier who reportedly said the best time to invest was "when blood was running in the streets."
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Killinger said the company is adding some $20 billion in loans to its books this quarter, increasing its loan portfolio by about 10 percent.
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