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  • xeloris xeloris Oct 2, 2008 1:02 PM Flag

    Emails - WAMU Shareholder - Class Action

    2800 avg of 4.20$ a share,
    40 jan 2010 5$ calls at 1.30

    this was email from investor relations less than 2 hours prior to my stock being worthless

    From: GM WM Investor Relations []
    Sent: Thursday, September 25, 2008 6:03 PM
    Subject: RE: WM Shareholders


    Thank you for your interest and genuine concern. We know that WaMu has been in the press lately and we appreciate your questions, but we have a long-standing policy of not commenting on media stories.

    WaMu has strong fundamentals with an ample supply of funds on hand to meet the needs of our customers and our day-to-day operations. WaMu’s business is funded largely through its deposits, and we also have access to billions of dollars from the Federal Home Loan Bank system. Our capital ratios continue to be well in excess of the levels that government regulators require of “well capitalized” institutions. For more specific information on our capital and liquidity, as well as an update on expectations of our Q3 earnings performance, please visit our press release issued on September 11th, 2008 here:

    As the stock price continues to see pressure, management is working hard to restore investor and customer confidence. For your reassurance, we attached our CEO Alan Fishman’s personal letter in which he reiterates his belief in the strength of our company:

    We're encouraged by the direction of the plan proposed by the President, Treasury and the Federal Reserve to support the troubled financial markets. We look forward to seeing the details as the plan is further developed by Congress. This plan should assist in providing stability to our financial markets and should provide a mechanism for an orderly transition of troubled illiquid assets.

    The Washington Mutual Investor Relations Team

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