Washington Mutual was downgraded to junk status |
News - Hugh's Views | |||
Written by Hugh McManus | |||
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So, I see that WaMu was finally give junk status yesterday. I guess we're watching this one unwind step by step. I have to believe that the Fed and Treasuriy are now taking bankers of all types by the scruff of their necks and yelling into their ears what to do next. There were pretty good rumors today about the sale of WaMu assets, but I am surprised they're not more aggressive about selling the performing assets of the company.
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