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Reuters: Washington Mutual tumbles 30 percent to 17-year low

Started by chris, September 11, 2008, 02:00:47 AM

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chris

Washington Mutual tumbles 30 percent to 17-year low
      


NEW YORK (Reuters) - Washington Mutual Inc  shares sank 30 percent to a 17-year low and the perceived risk of its debt soared on worries the largest U.S. savings and loan will not find a buyer or raise enough capital to combat soaring mortgage losses.
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