Tag Archives: wamu

Financial Briefs

Joe emails: Banks – the order of failure will be – Downey Savings within 12 months, just like the angel said to Sarah regarding the birth of a baby boy. Next is First Federal, probably in the next 18 months. … Continue reading

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Washington Mutual Leaves The Mortgage Business

Along with a lot of Los Angeles banks, Washington Mutual has lost much of its value due to its bad mortgage lending decisions. Here’s a report: Seattle-headquartered Washington Mutual, which recently entered into definitive agreements to raise an aggregate $7 … Continue reading

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