A Look at WaMu by the Hometown Paper
In an article title 'Where WaMu went wrong', Seattle Times business reporter Drew DeSilver takes a look at Washington Mutual before its annual shareholder meeting tomorrow in Seattle. He writes: 'Billions of dollars in tarnished debt sit festering on WaMu's books. The stock is down 71 percent over the past year, thousands of employees have been laid off, and just last week WaMu effectively sold half of itself to an investor group at a bargain-basement price.'
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