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Thursday, September 18, 2008

Report: WaMu Attracts No Bids

by Calculated Risk on 9/18/2008 05:01:00 PM

From the Financial Times: No bidders come for Washington Mutual

Hopes of finding a buyer for Washington Mutual dimmed on Thursday as an auction for the beleaguered US bank had yet to attract any bids. ... Goldman Sachs is conducting the auction for Seattle-based WaMu ... The lack of interest means that Goldman may soon have to evaluate other options for the bank.
What if you held an auction and no one came? Maybe they can put WaMu on eBay.