On our other blog, [Soapbox](http://soapbox.millersamuelv2.wpenginepowered.com), in this week’s [_Sounding Bored_](http://soapbox.millersamuelv2.wpenginepowered.com/?cat=32) post _[The Power of Yes! WAMU Pulls The Plug On All Residential Appraisal Department Employees](http://soapbox.millersamuelv2.wpenginepowered.com/?p=215)_, I was informed about WAMU’s decision during the actual conference call to their employees.

A real body blow to quality in the mortgage collateral assessment process. WAMU provides a great example of how _not_ to run a financial institution. Sounds like WAMU is prepping to be purchased. Rumor has it as Citigroup.