WaMu Rejected Offer; Rate Cuts Questioned; Merrill Lynch Estimated Writedown
WaMu rejected Morgan...
Before accepting the TPG offer, WaMu, the largest U.S. savings and loan rejected an offer from JPMorgan Chaseto buy it for as much as $8 a share, or $7 billion.
It's Questionable, So Do It Again... Dallas Fed President Fisher stated at a luncheon that the housing crisis is far from over...
the efficiency of the FOMC's rate cuts is questionable and he is not against cutting rates further as the economy continues to suffer a bout of anemia.
Estimated Write Down... Merrill Lynch expects to write-down $6 billion to $6.5 billion, and report a loss for the quarter.
Before accepting the TPG offer, WaMu, the largest U.S. savings and loan rejected an offer from JPMorgan Chaseto buy it for as much as $8 a share, or $7 billion.
It's Questionable, So Do It Again... Dallas Fed President Fisher stated at a luncheon that the housing crisis is far from over...
the efficiency of the FOMC's rate cuts is questionable and he is not against cutting rates further as the economy continues to suffer a bout of anemia.
Estimated Write Down... Merrill Lynch expects to write-down $6 billion to $6.5 billion, and report a loss for the quarter.
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