WaMu execs get pass on housing bust

``The Seattle-based lender said in a regulatory filing that it would calculate 2008 bonuses considering factors such as operating profit and noninterest expense - but without taking into effect housing-related loan losses and expenses tied to real estate foreclosures. Those seem like odd omissions for a company involved in home lending, but WaMu said in a Securities and Exchange Commission filing that it came up with the formula in response to “the challenging business environment and the need to evaluate performance across a wide range of factors.”''