WaMu’s Up for Grabs: Whoo-Hoo
According to reports from the New York Times Blog, Washington Mutual has hired Goldman Sachs to broker its sale to the highest bidder. Wells Fargo, JPMorgan Chase, and HSBC are among the suitors Goldman has been in discussions with, according to the report.
Stock in WaMu, the country’s largest thrift, has suffered a plunge of almost 95% over the past year due to falling value of mortgages, as it was among the market leaders in Option-ARM mortgages. The stock closed Tuesday at $2.01.
