Washington Mutual (WM) Bail-Out Could Cost $24 Billion

Posted: September 15, 2008 at 4:32 am

WamuA bail-out of Washinton Mutual (WM) could cost tax-payers another $24 billion.

According to Bloomberg, Richard Bove, an analyst at Ladenburg Thalmann & Co., said the federal government may have to provide that much in mortgage guarantees in order to attract a buyer for the Seattle-based bank.

Douglas A. McIntyre

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