allspec33351 Posted December 21, 2007 Report Share Posted December 21, 2007 http://news.yahoo.com/s/ap/20071221/ap_ ... tual_sec_2 CCD Link to comment Share on other sites More sharing options...
Les Posted December 21, 2007 Report Share Posted December 21, 2007 yes Link to comment Share on other sites More sharing options...
Brian G Posted December 22, 2007 Report Share Posted December 22, 2007 I seriously doubt if the Feds do believe WAMU, it's just a question of whether or not they really want to open that can of worms. I doubt it. Brian G. Ignore it; Maybe It'll Go Away [:-paperba Link to comment Share on other sites More sharing options...
kurt Posted December 22, 2007 Report Share Posted December 22, 2007 The typical gov't. response to this sort of debacle is to find the whipping boy. WaMu might be, along w/a few others. If the powers that be find WaMu to be an expedient choice, the hammer will come down. If they don't, it won't. If not whipping boy, they might end up being used as the poster child. Man, I'll tell you though, it was standard practice around here in the boom to go to WaMu. Everyone knew that's where you go to get your buyer "qualified". It was a puppy mill. Link to comment Share on other sites More sharing options...
Jim Katen Posted December 22, 2007 Report Share Posted December 22, 2007 The Feds aren't stupid, they just don't want to risk the Wamu reverse mortgage that they've taken out on the White House. - Jim Katen, Oregon Link to comment Share on other sites More sharing options...
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