Make Mad Money Work » Washington Mutual Raising $7 Billion

Washington Mutual Raising $7 Billion

After failing efforts to rehab its finances, the country’s largest savings and loan has secured $7 billion in new capital. This newest effort to injection capital against the major loan losses comes at the same time that the company is rethinking its strategy. Washington Mutual is slimming down and revamping its management….maybe this effort will work…the stock was up 30% today on the news.

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Posted by Cramerican in Cramer Stock Picks on April 8th, 2008 ‌ Trackback Link

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Washington Mutual Raising $7 Billion

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