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Reuters: WaMu sees $4.5 billion loss reserve, tries to soothe

Started by chris, September 12, 2008, 02:00:45 AM

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chris

WaMu sees $4.5 billion loss reserve, tries to soothe
      


NEW YORK (Reuters) - Washington Mutual Inc , facing investor anxiety about its survival prospects, said it expects to increase its reserve for soured mortgages and other loans by another $4.5 billion this quarter, but that it has more than enough capital to keep operating normally.
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