WaMu (WM) Lower on Credit Concerns, Co Said It Does Not Rely on Commercial Paper

July 24, 2008 3:40 PM EDT

According to headlines from Bloomberg, Washington Mutual Inc. (NYSE: WM) said it does not rely on commercial paper, responding to a report earlier from Gimme Credit which said unsecured creditors were pulling funds from the savings and loan.

Shares of WaMu are down 19% today.


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