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
"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."