25 August 2008
WaMu Offering Desperate for Cash
That's really the only reason that they would offer 5% for 12 Month CDs, because attempts to secure money from the markets cost a lot more, and they need it now.
Most banks are paying less than 4%, and WaMu ain't some web only operation trying to build market share.
They are in trouble.
Most banks are paying less than 4%, and WaMu ain't some web only operation trying to build market share.
They are in trouble.
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