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WaMu’s Net Income Drops 75 percent for 3rd Quarter

Started by morganb · 6 months ago

Washington Mutual saw its net income drop 75% for the 3rd quarter as its provisions for loan losses and portfolio-loan write downs ate away at top-line revenues.  Those provisions now total to close to $1 billion in charges.  These include both loans that are being hold to sell by Wash ... Continue reading »

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