“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 Killinger, CEO of Washington Mutual, 2003
This is the lead quote from the front page of yesterday's Sunday New York Times.
Understanding what happened here is important, both to the region and to the country.
