Washington Mutual – Wholesale Gone

2008-04-08:

After the toppling of Washington Mutual subprime, Washington Mutual Correspondent and Washington Mutual’s Long Beach Mortgage, now comes the fall of Washington Mutual Wholesale. The news also comes on the heels of a rumored buyout for $5 billion, but

In a conference call today, Washington Mutual told its employees that “wholesale was done.” It appears there may have been some conditions attached to that $5 billion (from TPG and others).

And so goes too Washington Mutual Wholesale quietly into that good night.

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