Heads Up: WaMu, GMAC Could Bite The Dust SOON (bankruptcy, mortgage, lender) - Economics

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Heads Up: WaMu, GMAC Could Bite The Dust SOON (bankruptcy, mortgage, lender)

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09-10-2008, 06:39 AM

Nor'Eastah Nor

Location: Backwoods of Maine

7,488 posts, read 10,495,820 times

Reputation: 21470

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WaMu has replaced its CEO over continuing losses, as if that would help:

Washington Mutual ousts CEO Killinger - U.S. business - MSNBC.com (broken link)

...while over at GMAC things look about to crumble:

The Mortgage Lender Implode-O-Meter News Pick-ups: Ailing/Watch: Residential Capital, LLC*

Why don't they all just file for bankruptcy at once, and get it over with?

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