WM butchered after hours.

What will happen to the Wamu Bonds? The Jan 2009 maturity was only trading for about 20 percent of par today.

 

Fuck!


OTS Had Shut Down WaMu Due To Insufficient Liquidity

Sep 25, 2008 21:09:06 (ET)

(MORE TO FOLLOW) Dow Jones Newswires

September 25, 2008 21:09 ET (01:09 GMT)

 

Things are moving too fast. Here is the WaMu release from just a few days ago: "WaMu continues to be confident that it has sufficient liquidity and capital to support its operations while it returns to profitability".

 

Those are the exact same words, verbatim, that I heard from IMB before it got killed.

 

Globalist (wealth transfer) Games 2008 ..... victim #132

.....and the game is not even at half time yet! :eek:

 

So what is going to happen to the share holders? i've heard ppl saying they will be wiped out?

 

Bye Bye!!

http://stocktradinglessons.blogspot.com/2008/09/bye-bye-wamu.html

 

Not fast, just lies

 

From this article:

Nice.

 

What makes this almost comical is that the previous CEO, Killinger, also walked away with a lot of dough: