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Deal near to help struggling WaMu
The private equity firm TPG and other investors are nearing a deal to invest $5 billion in Washington Mutual, according to a report in the Wall Street Journal.
The Journal says an agreement has not been finalized.
Washington Mutual, the country's biggest savings and loan, has lost billions in the
national mortgage crisis. Investors have lost more than 74 per cent of their investment in the past year.
Posted by Lori Stassi on April 7, 2008 10:54 AM PT | Permalink
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