| Eugene David ...The One-Minute Pundit |
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Monday, December 10, 2007
WaMu slashes dividend, plans to raise $2.5 bln
Company ends subprime mortgage lending; to lay off more than 3,000 UBS to take further $10 billion subprime write-down Swiss group to post quarterly loss; gets $11.5 billion capital injection Bank of America Corp. said Monday that it's shutting a $12 billion a money-market fund of sorts and halting cash withdrawals after losses from complex investments tied to the mortgage crisis. DOW 25,000!!!!!!!!!!!!!!!
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