A Rescue for WaMu?

A much-needed cash infusion could allow the mortgage broker to return to profitability sooner

The grim outlook for mortgage defaults as the housing slump deepens has kept pressure on banks such as Washington Mutual (WM) that continue to have a lot of mortgage-related exposure. But a cash infusion of $7 billion that the bank announced on Apr. 8 could give investors more confidence that WaMu will be able to ride out the mortgage storm.

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