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Reuters: WaMu has $3.33 bln loss, may be cut to "junk"

Started by chris, July 23, 2008, 12:41:11 AM

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chris

WaMu has $3.33 bln loss, may be cut to "junk"
      


NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S. savings and loan, posted a $3.33 billion second-quarter loss on Tuesday as souring mortgages forced it to set aside more money for loan losses.
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