{"id":194502,"date":"2008-09-18T17:33:00","date_gmt":"2008-09-18T22:33:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/and-in-the-financial-collapse-race-wamu-is-coming-up-on-the-right\/"},"modified":"2008-09-18T17:33:00","modified_gmt":"2008-09-18T22:33:00","slug":"and-in-the-financial-collapse-race-wamu-is-coming-up-on-the-right","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/09\/18\/and-in-the-financial-collapse-race-wamu-is-coming-up-on-the-right\/","title":{"rendered":"And in the Financial Collapse Race, WaMu is Coming up on the Right"},"content":{"rendered":"<p>Well it appears that Washington Mutual is <a href=\"http:\/\/www.iht.com\/articles\/2008\/09\/18\/business\/wamu.php\">trying to find someone to buy them<\/a>, and their large institutional investors have <a href=\"http:\/\/www.cnbc.com\/\/id\/26760786\">have agreed to waive a stock dilution clause<\/a>, which, along with reports that <a href=\"http:\/\/www.cnbc.com\/id\/26752973\">US Regulators are helping them look for a buyer<\/a> does not bode well for the company.<\/p>\n<p>In any case, it appears that <a href=\"http:\/\/www.cnbc.com\/\/id\/26775478\">Citi has given the deal a pass<\/a>.<\/p>\n<p>Meanwhile, in an excercise of remarkably good journalism, Matthew Garrahan  of the <span style=\"font-style: italic;\">Financial Times<\/span> went to the bank, and saw that <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/dd9592fa-8450-11dd-bf00-000077b07658.html?nclick_check=1\">people are queuing up to get their money out<\/a>.<\/p>\n<p>Dead bank walking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well it appears that Washington Mutual is trying to find someone to buy them, and their large institutional investors have have agreed to waive a stock dilution clause, which, along with reports that US Regulators are helping them look for a buyer does not bode well for the company. In any case, it appears that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1005,1004],"tags":[],"class_list":["post-194502","post","type-post","status-publish","format-standard","hentry","category-bubble","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194502"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194502"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194502\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}