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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] WaMu downgraded to junk
  • Date: Wed, 24 Sep 2008 17:26:29 -0700 (PDT)

Wow, penny stock; garbage bonds. Just a couple of years ago, a friend bought
in in the 40's and tried to persuade me.  he cashed out his real estate and
wanted to play safe.  I still have an account over there.  I guess I might
tranfer, just in case, FDIC paperwork probably a pain ....bobford



----- Original Message ----
From: Don Bowen <don.bowen AT earthlink.net>
To: homestead AT lists.ibiblio.org
Sent: Wednesday, September 24, 2008 5:14:43 PM
Subject: [Homestead] WaMu downgraded to junk

http://www.marketwatch.com/News/Story/Story.aspx?guid={32F6F3DA-45B6-4103-AE
5F-2ED583AFFDE8}

"Fitch Ratings downgraded Washington Mutual Inc.'s long-term issuer default
rating to B- from BBB- because of the increased possibility of a partial
sale of the bank. Fitch ratings below BBB are considered "junk" grade."



And the cards continue to fall.



Don Bowen  KI6DIU

http://www.braingarage.com/Dons/Travels/journal/Journal.html



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