Hal Morris, writing on his Grumpy Editor blog, wonders why one of the largest bank failures in America’s history didn’t merit front-page coverage in papers across the state.
Morris writes, “Among key newspapers that didnâ€™t see the demise of WaMu as front page news were the Boston Globe, Denver Post, Baltimore Sun, Detroit News, Detroit Free Press, Miami Herald and Las Vegas Review-Journal.
“Among those with a one-line, front-page ‘refer’ to inside pages were Chicago Tribune, Los Angeles Daily News, St. Louis Post Dispatch, Cleveland Plain Dealer and USA TODAY.
“Giving it heavy front-page play were Seattle Post-Intelligencer and Seattle Times, close to WaMuâ€™s downtown Seattle headquarters, New York Times, Los Angeles Times and Philadelphia Inquirer.
“Lesser front page coverage came in the Washington Post, San Francisco Chronicle, San Diego Union-Tribune and Dallas Morning News.
“Also overlooked in most news coverage was that WaMu grew rapidly in recent years through acquisition of giant Los Angeles area S&Ls — American Savings, Great Western Financial and H. F. Ahmanson & Co., parent of Home Savings of America.Â Home Savings itself at one time was the nationâ€™s largest S&L.”
Read more here.