Wachovia said troubled loans in the Golden West portfolio deteriorated more quickly than expected.
Wachovia (nyse: WB - news - people ) is still paying for Golden West deal.
And in May, Golden West Financial (nyse: GDW - news - people ) of Oakland, Calif.
Its mortgage unit Golden West Financial, acquired at the height of the housing bubble, holds similar mortgage securities as the failed WaMu.
The bank bought San Francisco-based Golden West Financial in 2006 in what was then seen as a shrewd entry into a red-hot mortgage market.
Golden West specializes in adjustable-rate mortgages and had a long track record of surviving real estate booms and busts because of its conservative lending philosophy.
Trevon Trejo, dl, 6-5, 240, Golden West CC, Huntington Beach, Calif.
The fund's two largest holdings: Bank One and Golden West Financial.
She swims six days a week now with members of the Golden West Swim Club, a team made up of kids less than half her age.
Wachovia didn't say, but goodwill impairment is what happens when a company overpays for an acquisition, so you could guess that it's related to the Golden West deal.
We have added to our positions, and the list is long: American Express, Citigroup, Golden West Financial, Morgan Stanley, Merrill Lynch, Fannie Mae, Bank One, AIG, General Re (to become Berkshire Hathaway).
One is ProPublica, which funds investigative journalism from an endowment given by Herbert and Marion Sandler, the founders of Golden West Financial, a big subprime lender (making it one of the few good things to come out of America's mortgage mess).
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The worst mistakes of this crisis were arguably made in relatively simple areas of retail and commercial banking from the concentration of risk in the corporate-loan book of HBOS to Wachovia's kamikaze acquisition of Golden West, a Californian lender stuffed full of mortgage-shaped grenades.
Moroney is still buying Golden West Financial (nyse: GDW - news - people ) as well, because of the large volume of its adjustable-rate mortgage business, which partially insulates it from rising rates since interest on ARMs is by definition not fixed.
One of the first people to congratulate Cole was the Queen, who visited West Ham during a Golden Jubilee tour of east London.
The network's run of memorable series including "Cheers, " ''Seinfeld, " ''ER, " ''Frasier, " ''Friends" and "The West Wing" represented a golden age.
The prize for the earliest picture goes to Benjamin West's "The Golden Age" (1776), a sentimental portrait of a mother and her sleeping child.
In the past year, the golden eagle was poisoned in March on the west coast in the Highlands, while the buzzard incidents were in Grampian in September and Dumfries and Galloway in December.
Now General Abubakar has a golden chance to exploit the goodwill that the West is ready to give to a country that it sees, not just as a big oil-producer, but as an international power in an unstable region.
Things aren't quite as dire 500 miles to the west at Kent State, but the Golden Flashes also have been less than dazzling in the encore to their first CWS trip.
The eagle population first took a knock when America expanded west and trigger-happy ranchers confused the pescivorous scavenger with the golden eagle, a species that really does eat chicken and sheep.
Twice yearly, an accident of solstice, orientation and geometry sends golden shafts of setting sun straight through the grid from river to river, west to east, an occasion that would be celebrated by people less in a hurry.
The man, described as an amateur explorer who wants to remain anonymous, unearthed a 5.5 kilogram golden nugget 60 centimeters in the ground outside Ballarat, a city about an hour and a half drive west of Melbourne.
When travelling Khlong Saen Saeb from east to west, motorboat buses terminate at Wat Saket, a late 18th-century temple topped by a golden stupa, and it takes about an hour to ride directly from the first stop at Wat Si Bunrueang.
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