ANOTHER COMPANY TO LOOK AT

October 9, 2008

Golden West Financial Corp

Herbert M. Sandler, Marion O. Sandler their ceo’s. They aggressively marketed subprime mortgages, and then bundled them into securities. A bag of no good loans sold to Wachovia whose structure failed largely as a result of their no good loans.

They had a total donated or pledged in 2006 of $1,278,626,148.00 to various left wing groups and others.

Follow the money to find where the culprits in the cause of our financial collapse.

Golden West Financial Corp, the parent company of World Savings Bank, one of the US’s largest savings and loans with assets of almost $80 billion, deposits of $46 billion and 9,300 employees as of November 30, 2003.

The Sandlers are infamous for selling their former S&L, along with $122 billion of adjustable rate mortgages, to Wachovia in 2006. Herb and Marion made a ton of money. Wachovia purchased GDW for $24 billion dollars in 2006.

Could they be a major cause for the collapse of Wachovia, and, by extension, the nation’s financial system.

In 2004, Herbert Sandler gave the MoveOn.org Voter Fund $2.5 million.

Sandler announced that he had taken charge of the board of a new organization, ProPublica, and that his family foundation would be giving $10 million a year of support to the group in November 2007.

I hope they are investigated for their part in the financial collapse we are now deeply involved.

God grant us strength.