Do you have uninsured money at Washington Mutual?
Sat Jul 26 2008 1:25 am
by Bob Morris.
Then get it out NOW, says Mish. Big red flashing warning sign include a soaring credit default swap rate above that of Bear Stearns when it collapsed and huge amounts of put option buying at the 3 strike price (Yes, 3.)
Translation: The credit markets and some deep pocket players think WaMu is going down.
Posted in: Credit crisis.
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