WM butchered after hours.

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".
 
Quote from nonlinear5:

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.
 
Quote from nonlinear5:

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".

Not fast, just lies
 
From this article:

... the company’s new chief executive, Alan H. Fishman, ... who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus

Nice.
 
.. the company’s new chief executive, Alan H. Fishman, ... who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus

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

The Wall Street Journal reported that Killinger could receive an exit package worth as much as $23.5 million.
 
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