TwinTrader.com announces the publication of ‘Washington Mutual under Increased Pressure from Financial Fallout’
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Washington Mutual under Increased Pressure from Financial Fallout
”U.S. officials are working day and night to stem the avalanche of troubled financial institutions with the focus now on Washington Mutual (NYSE: WM) after AIG became the latest institution to succumb to growing defaults stemming from the real estate mortgage market crisis...
”The New York Post reports that U.S. banking regulators are seeking a likely takeover candidate to buy the country's largest savings and loan amid speculation it could exacerbate the ongoing solvency crisis, which escalated after the federal government announced a bailout of Fannie Mae and Freddie Mac...
”Washington Mutual has retained Goldman Sachs to arrange a possible sale. Possible bidders include Wells Fargo, JP Morgan Chase and HSBC…
”The Seattle, Washington-based Washington Mutual is now perceived as one of the most exposed to the mortgage-backed securities crisis rippling through the housing sector…”
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