Bump! I heard about it too. "Unsecured creditors" (institutions with large accounts?) have been pulling their money out of WaMu.
WAMU was crowing about having 50 billion in reserves lined up a couple weeks ago.....I think they had to borrow 10 billion fron the Feds Thursday.
Wow...I've heard exactly the opposite. see above post...WAMU has RAISED capital (ie, added creditors) this month. If you're referring to WAMU Assets like home equity loans, commercial loans, etc. Think why would a debtor run away. Let's say WAMU goes Chapter 11...you'd renegotiate your loan at something less than 100%, wouldnt' you?