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Sunday, November 8th, 2009

WaMu is for sale

September 18, 2008 by Tisa Silver  
Filed under Investing

WaMu is for sale

I threw it out there earlier this week, but it has been confirmed: Washington Mutual is looking for a buyer. 
Maybe WaMu has publicly denied rumors that it was searching for a buyer, while privately sporting a “FOR SALE” sign in an attempt to raise confidence or safe face…I’m reaching here!
IDK, but WaMu’s stock has shed over 90 percent of its value in the past year and regulators were asking other banks about a possible purchase well before WaMu fessed up.
Shares of WaMu opened 28 cents higher, representing a 14 percent gain from yesterday’s close.


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