Washington Mutual: Soon to fail

WaMu’s Bloated Asset Values Don’t Fool InvestorsJuly 30 (Bloomberg) — With goodwill like Washington Mutual Inc.’s, it’s no wonder investors are getting such bad feelings about the company’s finances. Shares of the Seattle-based savings and loan have fallen 89 percent the past year to $4.43, leaving the company with a $7.6 billion stock-market value. The [...] continue reading world news