thelion

Monday Options Outlook: XLF, WM, AMZN, CCE, PGB, CBG, VIX

Regarding Washington Mutual (WaMu)...another article states that credit losses could be anywhere from $21-26 Billion. I reviewed last quarter's financials and noted WaMu's total book equity as of 3-31-08 was $22.4 Billion. I am amazed the stock is trading as high as it is--looks mighty risky to me. What are they doing about capital adequacy??