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Perhaps things aren’t looking as bad for WaMu.

September 17, 2008 – 3:30 am – No Comment

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …

Citigroup and their $2.5 Billion loss

July 24, 2008 – 8:54 am – No Comment

Citigroup posted a $2.5 Billion dollar loss for the second quarter. In my opinion, that?s not good at all. That would be called a disaster. However, this loss was less than expected, so it’s good? Yea, I’m confused. This was their 3rd loss in a …

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