The WaMu Effect

The effect of the collapse of Washington Mutual on the arts scene in Seattle, where the bank was based, has yet to become fully clear. What is clear is that the effect won’t be small. “WaMu, which billed itself as “the Friend of the Family” in advertising, gave $48.6 million to charity nationwide last year… The bank also matched donations employees made for as much as $10,000 a year.”