FEDS TRY TO FIND A BUYER FOR WAMU - New York Post: "The fate of Washington Mutual remained in question yesterday as federal regulators recently called a number of banks asking if they would consider buying the nation's largest savings and loan should it eventually falter, sources told The Post. In recent days, federal banking regulators have reached out to Wells Fargo, JPMorgan Chase, HSBC and several other financial institutions to gauge their interest in a possible acquisition of WaMu, but no merger discussions are currently under way between the Seattle-based bank and anyone else, sources said. The move comes as investors worry that WaMu's customers could begin pulling their money, which totals about $143 billion, out of the bank should its stock fall further."
------------------
Remember when WAMU was all over the place extending credit to anybody who wanted it? I never saw such aggressive marketing of loans in my life. Now it is, "Hey, does anybody want to buy this company? Hello?? Anybody???"
Oh, sure. Just put a big federal guarantee on it first, why don't you?
No comments:
Post a Comment