Add Reply
Add Comment As A Guest
Close Topic OptionsWashington Mutual (wamu)
Washington Mutual Wamu - Politics, Business, Civil, History - Posted: 14th Oct, 2008 - 6:24am
Posts: 3 - Views: 915
Washington Mutual (wamu)
Washington Mutual (WaMu)
It seems like every financial institution needs a money injection from someone else. Too bad the small man does not have this 'facility' and ends up losing his home.
| QUOTE |
| On Monday it was rumored that a struggling Washington Mutual (WaMu) would be getting a cash infusion of $5 billion from a private equity firm to help it weather the subprime mortgage storm. On Tuesday that amount had morphed to $7 billion in additional capital from the sale of company stock. Washington Mutual will close all of its 186 home loan offices and will no longer acquire home mortgages from brokers. Ref. https://www.mortgagenewsdaily.com |
International Level: International Guru / Political Participation: 3241 
100%
Sponsored Links:
Post Date: 14th Oct, 2008 - 6:24am / Post ID: #
NOTE: News [?]
Washington Mutual (wamu) History & Civil Business Politics
WaMu Implosion
The Dow Jones may have had a record point rally Monday after global leaders met over the weekend to address the financial meltdown, but we're hardly out of the woods. Tonight we bring you the story of one of the casualties of the crisis -- Washington Mutual, which suffered the biggest bank failure in American history. A former executive describes to ABC News correspondent Pierre Thomas how the company took on a riskier strategy. While the bigwigs lived large, investors sat helpless in the backseat as the car went over the cliff.
Ref. ABC News
TOPIC: Washington Mutual (wamu)