Is Washington Mutual for Sale?

Washington Mutual, a savings-and-loan that has seen tremendous losses stemming from the nation's mortgage crisis, is reportedly on the auction block. The New York Times, citing unnamed sources, has reported that an auction for WaMu arranged by investment bank Goldman Sachs began several days ago. WaMu, meanwhile, is staying tight-lipped on the issue. "We don't comment on rumor or speculation," a WaMu spokesman told ABC News. Jaime Peters, an analyst with investment research firm Morningstar...Full Story
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