Re: after hours drop in Washington Mutual ???

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statesidereport

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Re: after hours drop in Washington Mutual ???

in response to

after hours drop in Washington Mutual ???

gwr1

posted on Sep 25, 2008 05:31PM

The govt came in tonight and took over WaMu. Common will be worthless. WaMu managment wasn't even told this would happen. They wanted to do this before the run on the bank started. Didn't want another IndyMac. Preferred's worthless as well.