Comments on: Washington Mutual’s Credit Rating Cut To Junk Status…Next To Go? http://www.mytwodollars.com/2008/09/12/washington-mutuals-credit-rating-cut-to-junk-statusnext-to-go/ A place to discuss money...for the rest of us. Sun, 08 Nov 2009 00:15:00 -0500 hourly 1 By: stocks http://www.mytwodollars.com/2008/09/12/washington-mutuals-credit-rating-cut-to-junk-statusnext-to-go/comment-page-1/#comment-28743 stocks Sat, 13 Sep 2008 20:31:32 +0000 http://www.mytwodollars.com/?p=1652#comment-28743 Yeah, I think WaMu is next, particularly since Freddie and Fannie went down.. Keep in mind that CountryWide needed a buyout in order to be saved, and they were considered a major player, bel-weather like even... Yeah, I think WaMu is next, particularly since Freddie and Fannie went down..
Keep in mind that CountryWide needed a buyout in order to be saved, and they were considered a major player, bel-weather like even…

]]> By: Matt @ Steadfast Finances http://www.mytwodollars.com/2008/09/12/washington-mutuals-credit-rating-cut-to-junk-statusnext-to-go/comment-page-1/#comment-28738 Matt @ Steadfast Finances Sat, 13 Sep 2008 00:44:54 +0000 http://www.mytwodollars.com/?p=1652#comment-28738 I may be taking away some of my beloved stock volatility, but this game of "are they going under or aren't they" is really beginning to feel like a band aid being pulled off at a snail's pace. Just rip the thing off already! It will be fun to see the actions taken over the weekend by Paulson and crew regarding Lehman. I may be taking away some of my beloved stock volatility, but this game of “are they going under or aren’t they” is really beginning to feel like a band aid being pulled off at a snail’s pace. Just rip the thing off already!

It will be fun to see the actions taken over the weekend by Paulson and crew regarding Lehman.

]]> By: David http://www.mytwodollars.com/2008/09/12/washington-mutuals-credit-rating-cut-to-junk-statusnext-to-go/comment-page-1/#comment-28733 David Fri, 12 Sep 2008 20:04:38 +0000 http://www.mytwodollars.com/?p=1652#comment-28733 Hey Ron, I doubt WaMu will go under -but then again, look at the ones that have. I am not in a buying mood at all right now but I know many are. I suppose if you are going to buy, definitely only buy companies that stand a chance in hell of surviving this, as some of their numbers are showing that they probably will... Hey Ron, I doubt WaMu will go under -but then again, look at the ones that have. I am not in a buying mood at all right now but I know many are. I suppose if you are going to buy, definitely only buy companies that stand a chance in hell of surviving this, as some of their numbers are showing that they probably will…

]]> By: Ron@TheWisdomJournal http://www.mytwodollars.com/2008/09/12/washington-mutuals-credit-rating-cut-to-junk-statusnext-to-go/comment-page-1/#comment-28731 Ron@TheWisdomJournal Fri, 12 Sep 2008 19:50:26 +0000 http://www.mytwodollars.com/?p=1652#comment-28731 Just a thought, but if they have more in assets than the market capitalization of the stock, could it be a buying opportunity? I had a friend that bought 100,000 shares of HealthSouth (hospital) stock at 11 cents when they went through something similar to Enron. He spent $11,000 on it when the market cap was only $1.5 million. Heck, just one of their 200 hospitals was worth more than that. He sold his 100,000 shares when it hit $5. I don't know if WaMu would do anything near to that, but it might be worth a look. What do you think? Just a thought, but if they have more in assets than the market capitalization of the stock, could it be a buying opportunity? I had a friend that bought 100,000 shares of HealthSouth (hospital) stock at 11 cents when they went through something similar to Enron. He spent $11,000 on it when the market cap was only $1.5 million. Heck, just one of their 200 hospitals was worth more than that. He sold his 100,000 shares when it hit $5.

I don’t know if WaMu would do anything near to that, but it might be worth a look. What do you think?

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