RSS Feed by Calculated Risk on 4/11/2008 10:33:00 AM
Friday, April 11, 2008
Goldman Estimates WaMu Losses at up to $23 Billion
From Bloomberg: Washington Mutual Falls on Short Sale Recommendation
``Given WaMu's disproportionate exposure to states'' where home prices are forecast to decline, Goldman expects losses between $17 billion and $23 billion, the analysts wrote. Washington Mutual may have a $14 billion provision charge in 2008 ...Yes - a rare 'short sale' recommendation - but what really got my attention was the loss estimate!
