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WaMu, a drunk Wall Street, and $1 trillion - all news I didn?t get to today

posted 7 weeks ago on Blown Mortgage

I'm on the road training folks as part of my job, so unfortunately I wasn't able to cover much of the news today - that primarily being Washington Mutual tanking and respected, former White House economist Nouriel Roubini estimating that it will take $1 trillion to get us out of the housing/mortgage mess. Here's the links to the stuff I wish I could have written about had time permitted - maybe your schedule is currently more flexible WaMu's $3.3 billion loss for the quarter (Bloomberg) Washington Mutual Inc., the biggest U.S. savings and loan, reported a $3.3 billion second-quarter loss on uncollectible loans as a record number of borrowers were unable to keep up with mortgage payments. The loss of $6.58 a share compared with net income of $830 million, or 92 cents a share, a year earli

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