Today Washington Mutual stock hit 52-week low to $ 2.30. On September 09, 2007 Washington Mutual stock was $ 39.25. Why So low today? Will Washington Mutual bankrupt?
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Here’s the problem…….too many people in the media, who are not INSIDE WM, are making all kinds of accusations. Really, are you trying to create hysteria? Cooler heads will prevail. Is there a sick side of America out there who want to see America fail? This is what you are promoting when you fish with this header?
1. I am concern as a account holder and common stock holder.
2. I am concern as tax payer, is there going to be another bailout or will it bankrupt like Silver State Bank of Nevada?
3. I am concern about other people like me. there fore I am not fishing with this header.
cooler heads will or already have lost all their money, If they did not take it all out when their stock was losing that much value over such a short period of time. Here comes another bail-out. In my opinion, Government bail out for large banks are okay, due to the fact that if they failed its not only the shareholders who are going down, it is taking down the whole Economy, and then we all suffer.
Sick side of America are not the common speculators, nor the general public’s pessimism towards the Economic health of crumbling Giants, its the shoddy insiders and their creative Financial Crimes. Its about time to hold them accountable not just the small fish. Reform of Financial regulations is in order as well.
They knew here long ago that this stock would drop and drop. I write software to analyze insider selling (www.tigersoft.com). The steadiness of the selling by insiders for more than a year was exceptionally high. I have predicted bankruptcy since last Dececember. You can Google “tigersoft” and “Washington Mutual” and “insider selling” to see these articles. The former CEO sold 40,000 shares above 42. And sold heavily all the way down.
They have made billions and billions of bad housing loans. They should be allowed to go belly-up. The shareholders of this stock have allowed Killinger to rob his back like Dillimger in the 1930s. They paid him $7 million last year. They left him in office until a few days agi as the stock fell from 45 to under 4. They are sheeple. They deserve what they got. This is exactly like what the Bush administration has done to America. And now the sheeple-fools will elect McBush. Sadly, sheeple outnumber independent thinkers every day of the week and by a million on Nov 7.
WaMu and other individuals who run the Failed banks need to be held accountable. The “bad housing loans” have trashed whole neighborhoods. They that took them loans are not free of guilt and responsibility.They don’t pay the note,taxes,trash.homeowner fees . .ect. and Trash the homes inside and out ! ! ! ! Thank You WaMu !
Wamu stocks hit new fifty two week low to $ 1.75