Wamu Shutters Wholesale, Loan Centers

Hi All, Cruising towards Loreto, Mexico; but had to post this gem. Sure you have already seen it.  Wholes is still a dead man walking. April 7, 2008 As you know, this is a very challenging time for the financial markets and WaMu. As a result, WaMu is taking the next steps in executing on our retail-focused strategy while continuing to drive simplicity and greater efficiency throughout the organization. For Home Loans, this means we have had to make some difficult, but necessary decisions about the strategic direction of our group in order to bring us into greater alignment with the company's overall retail-based approach. Today, we are making the following announcements: Exit Wholesale Lending It is with sadness that I announce that we are discontinuing our lending through the Wholes