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Printable Version of Topic "Washington Mutual--is it finished?"

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---- Washington Mutual--is it finished? (http://www.golivewire.com/forums/peer-yyyoopt-support-a.html)


-- Posted by shadowpool at 1:01 pm on Sep. 11, 2008

http://finance.google.com/finance?q=wm

 

. . . *slurp*


-- Posted by coloring the void at 1:02 pm on Sep. 11, 2008

damn, thats one long downfall.


-- Posted by Nimzo at 4:07 am on Sep. 12, 2008

Woah, as i scrolled out on the price chart i got the same feeling in my stomach as when i watched this:


-- Posted by yankeefan at 6:23 pm on Sep. 12, 2008

if i had to guess, i'd say it probably survive this crisis


-- Posted by obvious child at 6:36 pm on Sep. 12, 2008

Depends how much further this recession goes. Washington Mutual could go either way at this point. They have rather large amounts of mortgages on their books with large amounts of debt coming due. I'd say if the recession goes into 2010, they're done. If it ends as predicted in the middle of 2009, they'll survive.

The real question is if Lehman brothers can survive into 2009, or quite frankly till November.


-- Posted by sakurag at 9:19 am on Sep. 15, 2008

I pulled my money out of them a LONG time ago.


-- Posted by obvious child at 1:56 pm on Sep. 15, 2008

And Lehman is gone and it's not even October!


-- Posted by GmanXXVI at 7:55 pm on Sep. 15, 2008

Quote: from obvious child at 1:56 pm on Sep. 15, 2008


And Lehman is gone and it's not even October!

Lol yeah, my first impression when I read the op: not as finished as Lehman bros!!


-- Posted by shadowpool at 2:22 pm on Sep. 29, 2008

LOL.


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