To put in perspective this is like saying they are going start closing jiffy
stops or 711's.
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2007-12-10T232039Z_01_N10437504_RTRIDST_0_WASHINGTONMUTUAL-UPDATE-2.XML
WM is one we all know and has touched our hearts deeply with it's well known
penalties and over due notices.
So that's 3150 good jobs following the last cut which i now can't remember
the number.
Fortunately WM is more diversified than some of the mortgage lenders.
And don't be to upset or concerned because if it really got bad we would be
expected to bail them out.
You may want to check out Country Wide as they have been a leader along with
Fanny and her brother of Mac dysfunction fame.
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