WaMu has bad credit, says the AP:
Moody’s Investors Service cut Washington Mutual Inc.’s credit rating Friday and said the country’s largest savings and loan will need at least $4 billion more than it expected to cover bad mortgages in 2008.
[AP]
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Ha! Let’s see them try to buy a house or car now…
When I went in to cancel my last WaMu account today, I told the clerk what I no longer wanted to do business with a company that changes the rules to allow executives to take bonuses despite their mortgage losses. She rolled her eyes and agreed with me enthusiastically.
Glad to do my part!
@ceejeemcbeegee (just debatin’ not hatin’): They should try getting their free annual credit report first!
It’s hard to feel sorry for Washington Mutual, but Moody’s is not without their faults. They are partially responsible for this whole housing mess.