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Thread: WAMU to fail?
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Old 07-14-2008
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The_Cynic The_Cynic is offline
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Default WAMU to fail?

Business & Technology | WaMu shares dive nearly 35 percent | Seattle Times Newspaper

They are taking huge losses on their mortgage business. The talk is that have not set adequate loan loss reserves and they need new capital to survive, tough to get with share price cratering..

What with the Indy Mac failure other possibilities are Wachovia and Citi.

I might just withdraw some money from my WAMU account today.
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