Replies to post #27436 on Washington Mutual Preferred fka WAMPQ

[steved_45]

Isn't that why they needed a $7BB infusion from TPG?

[fixedops]

Yep. Here's an oldy but a goody. WAMU was good through 2010

[steved_45]

which is why WaMu didn't have the cash to cover the mark-to-market write downs of its loans

Ok, I think we can all agree on this: "which is why regulators didn't think WaMu didn't have the cash and other means to cover the mark-to-market write downs of its loans."