Goldman helped arrange the $7 billion in financing for Washington Mutual announced last week by a consortium led by TPG. Yet, Goldman’s research group predicts another $23 billion in losses (revising upward the projected per share loss for last year from $1.00 to $3.30), and is recommending a short sale of the stock (we sold our WaMu short positions too early). Definitely a sign to come from other major commercial banks, and glad we are still short JPMorgan, Wachovia, and Wells Fargo. Read the Bloomberg article here.
Goldman helps arrange financing for WaMu, Recommends Short Sale
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