1. Business & Finance

Discuss in my forum

Justin Pritchard

Buffet the Banker, WaMu's Hot Water

By , About.com GuideSeptember 23, 2008

Follow me on:

The global banking crisis continues to unfold with big news on two banks. Warren Buffet showed support for Goldman Sachs, announcing that Berkshire Hathaway will invest $5 billion (with a 'B') in the bank holding company.

Washington Mutual should knock on Mr Buffet's door. According to the Financial Times, they're being told to find financing - or else. They have been on deathwatch for a while, and the Office of Thrift Supervision is supposedly telling them to move fast.

If you're a customer, should you pull your accounts out of Washington Mutual? Consumerist readers debated the subject last week. See below for more details.

Further reading:

Comments
No comments yet.  Leave a Comment
Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>
Related Searches wamu hot water

©2012 About.com. All rights reserved.

A part of The New York Times Company.