2008-03-10 — reuters.com
``Washington Mutual Inc. shares fell as much as 9 percent on Friday after a published report said the largest U.S. savings and loan, which has been battered by mortgage losses, has approached private equity firms and sovereign wealth funds about possible cash infusions.''
Not a surprise to us; these guys have barely written anything down but have as much junk as anyone else (like $57B of option ARMs and $18B of subprime) and have lots of "phantom" earnings from neg-am that don't exactly add to free cash. See the BankImplode entry on WaMu for more.
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