Thread: A note of caution for those with deposits in US Banks

Originally Posted by Spin

next up for slaughter is Washington Mutual

And just 12 hours later......

WaMu Rating Lowered to Junk by S&P on Mortgage Losses

Sept. 15 (Bloomberg) -- Washington Mutual Inc., the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor's because of the deteriorating housing market.

Full story here