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WaMu swap sellers may sidestep big loss

Source: CNN

Atlanta : GA : USA | about 1 year ago

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Investors who wagered that Washington Mutual would mange to survive the latest market turmoil may not have to pay as dearly as some had feared. Based on preliminary results of an auction held Thursday, investors who sold default protection on the now-defunct savings and loan will have to pay 63.625...

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READ MORE: lehman brothers, lehman, wamu, Washington Mutual

More News From: Atlanta : GA : USA

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Auction prices WaMu debt at 57 cents on the dollar

News Source: International Business Times | about 1 year ago

The auction priced $988 million of Washington Mutual debt at 57 cents for every $1 of debt sold. At an auction earlier in the month, investors sold $4.92 billion in Lehman Brothers Holdings Inc. debt for only 8.625 cents on the dollar. The...
WaMu swap sellers may sidestep big loss

News Source: CNN | about 1 year ago

Investors who wagered that Washington Mutual would mange to survive the latest market turmoil may not have to pay as dearly as some had feared. Based on preliminary results of an auction held Thursday, investors who sold default protection on the now-...