WaMu Might Just Go to Zero - Henry Blodget

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WaMu Might Just Go to Zero
Jun 13, 2008 04:36 PM UTC

Henry Blodget

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6/11 - "Will WaMu just finish the job and go to zero? Based on the stock's behavior over the past two weeks, this seems a distinct possibility.

Remember that, with these potential-run-on-the-bank scenarios, it's not what the balance sheet looked like last quarter that matters: It's what it looks like right now. (Bear Stearns went from comfortably solvent to bankrupt in a matter of days). What WaMu's balance sheet looks like now depends entirely on how many WaMu customers have demanded their money in recent weeks...and only WaMu knows that."

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