status, one of the differentiations i make as a cover banking and charlotte with hugh mccall and crutchfield as they were going on the biggest banking acquisitions in history and they were a wheel commercial banks. washington mutual was the risk, it was a savings and loan. this would matter a lot later because to my mind, and i just watch her reflections on this. washington mutual was this kind of jurassic park survivor of the savings and loan industry, most of which had collapsed in 1989, named 290. and yet, washington mutual continued on. the commercial banking industry didn't like the thrift curmudgeonly competition. they wanted it to go away. but with the savings and loan collapse, the remaining snl's were folded under the fdic. there used to be a federal savings and loan insurance. but they didn't have shirt and advantages the bank said. for instance, they were not regulated by the comptroller of the currency or the fat. they didn't have the political pull. so it is america's largest banking failure, but it also seems like this gargantuan jurassic park institution was in many ways playe