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The Lost Bank: 2 of 4: The Story of Washington Mutual – The Biggest Bank Failure in American History Audible Audiobook – Unabridged. Kirsten Grind (Author), Traber Burns (Narrator), Blackstone Audio, Inc. (Publisher)

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Photo: Run on the Seamen’s Savings’ Bank during the Panic of 1857.
On October 13, 1857, after the Ohio Life & Trust Co. declared bankruptcy, panic struck the New York Stock Exchange and hundreds of other banks and individual investors were ruined. This wood engraving, , shows a crowd gesturing and shoving. A ragpicker picks up now-worthless stock certificates, and a pickpocket operates unnoticed.Wood engraving, 4.75 × 9.5 in.
Date | 31 October 1857
Source | The 1857-10-31 issue of Harper’s Weekly (vol. I, p. 692).This copy came from the Library of Congress, Prints & Photographs Division, LC-USZ62-5358 (b&w film copy neg.), uncompressed archival TIFF version (1228 kB), color level (pick white point, adjust black) and converted to JPEG (quality level 88) with the GIMP 2.4.5, image quality 88.
Author | Unknown author
Permission
(Reusing this file) | No known restriction on publication
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The Lost Bank: 2 of 4: The Story of Washington Mutual – The Biggest Bank Failure in American History  Audible Audiobook – Unabridged. Kirsten Grind (Author), Traber Burns (Narrator), Blackstone Audio, Inc. (Publisher)

https://www.amazon.com/Lost-Bank-Washington-Biggest-American-dp-B008FL3GTS/dp/B008FL3GTS/ref=mt_audio_download?_encoding=UTF8&me=&qid=

During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement, and how the entire financial industry – and even the entire country – lost its way as well. 

Kirsten Grind’s The Lost Bank is a magisterial and gripping account of these events, tracing the cultural shifts, the cockamamie financial engineering, and the hubris and avarice that made this incredible story possible. The men and women who become the central players in this tragedy – the regulators and the bankers, the home buyers and the lenders, the number crunchers and the shareholders – are heroes and villains, perpetrators and victims, often switching roles with one another as the drama unfolds. 

Written as compellingly as the finest fiction, The Lost Bank makes it clear that the collapse of Washington Mutual was not just the largest bank failure in American history. It is a story of talismanic qualities, reflecting the incredible rise and the precipitous collapse of not only an institution, but of trust, fortunes, and the marketplaces for risk across the world. 

About the author: Kirsten Grind has received more than a dozen national awards for her work, including a Pulitzer Prize finalist citation for her work covering the collapse of Washington Mutual. A reporter for the Wall Street Journal, she lives in New York City.

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