Do you have uninsured money at Washington Mutual?
Bob Morris @ Jul 26th 2008 01:25 - Category: Credit crisis
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.
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