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Giving liberally: a husband and wife get into left-wing giving, in a big way.(PHILANTHROPY)(Herbert and Marion Sandler)
WHEN Wachovia bought Golden West Financial two years ago, the man who was the big bank's CEO at the time couldn't contain his enthusiasm. Kennedy Thompson hailed the $25 billion acquisition as a "grand slam home run" for Wachovia. Today the deal looks more like a strikeout in the bottom of the ninth.
The problem is that Golden West, then the nation's second-largest savings-and-loan, had specialized in adjustable-rate mortgages--and it "had been lending to people with weaker credit scores in places where housing prices are in decline, such as California and Florida," according to a recent story in the Wall Street Journal. In other words, the company was a ticking ...
- How to build a financial powerhouse: Sandlers founded tiny thrift Golden West...
- Newspaper article from: Contra Costa Times (Walnut Creek, CA) May 9, 2006 700+ words
...as the new leaders of Golden West. "These guys are tough...Sandlers have managed Golden West to steady gains in revenue...lawyer, and Marion, a Wall Street analyst, started to...buy a thrift, called Golden West Financial, which had...
- Golden West Financial Corporation
- Reference information from: International Directory of Company Histories January 1, 2002 700+ words
Golden West Financial Corporation 1901...Bank Holding Companies Golden West Financial Corporation...risks. Marion, a former Wall Street S&L analyst, was...The balancing act helped Golden West extend an impressive string...
- Wachovia stock falls on announcement of Golden West deal.
- Newspaper article from: Chicago Tribune (Chicago, IL) May 8, 2006 700+ words
...Monday that it will buy Golden West Financial Corp. in...five other states. But Wall Street didn't like the deal...lending. Shares of Golden West jumped more than 6 percent...originations. Oakland-based Golden West is the nation's 16th...
- 4Q Earnings: Wachovia: Golden West Integration In Spotlight.(Wachovia...
- Magazine article from: American Banker Cole, Jim January 24, 2007 700+ words
...free checking in former Golden West branches at the end of...to the product set at Golden West prior to the conversion...line with the average Wall Street forecast. Full-year...quarter, given our recent Golden West merger," G. Kennedy...
- Zacks Buy List Highlights: Golden West Financial, Harman Int'l Industries,...
- Press release article from: Business Wire December 18, 2003 700+ words
...the stocks we rank: Golden West Financial Corporation...the country. This week Golden West Financial announced that...share from 8.5 cents. Golden West has managed a string...industry's downturn. Wall Street seems to be in agreement...
- Mortgage Stocks Enjoyed a Block Party on Wall Street Last Week.
- Magazine article from: National Mortgage News Avidon, Eric November 6, 2000 700+ words
...companies had another good week on Wall Street. Over the five trading days...were MGIC Investment Corp., Golden West Financial, Washington Mutual...to Neutral by PaineWebber; Golden West was downgraded from Attractive...Mac, Fannie Mae, MGIC and Golden West were able to ...
- The Wall Street Journal Releases Its Second Global `Top 50 Women to Watch';...
- Press release article from: Business Wire October 31, 2005 700+ words
NEW YORK -- The Wall Street Journal, the world...House, publisher, The Wall Street Journal, and senior...co-chief executive, Golden West Financial 11. Xie Qihua...print editions of The Wall Street Journal, The Wall Street...
- Wall Street's Trillion Dollar Nightmare; From bankruptcies to bailouts, the...
- Magazine article from: On Wall Street November 1, 2008 700+ words
...hard to summarize as Wall Street got buried and restructured...pointing the finger at Wall Street, blaming "greedy...losses of fat cats on Wall Street." He railed against...diligence when it bought Golden West with its problematic...
Source: HighBeam Research, Giving liberally: a husband and wife get into left-wing giving, in a...