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Washington Mutual Bloated Values Don't Fool Investors

bloomberg.com — With goodwill like Washington Mutual Inc.'s, it's no wonder investors are getting such bad feelings about the company's finances. Shares of the Seattle-based savings and loan have fallen 89 percent the past year to $4.43, leaving the company with a $7.6 billion stock-market value. The stock's plunge must be a horrible mistake if we are to believe t

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  • nontoxyc, on 08/01/2008, -0/+2Banks are just big scams.
  • inactive, on 08/01/2008, -0/+2“Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works”." - - - John Stuart Mill

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