The commentators on Bloomberg News were citing an analyst report that 'unsecured creditors were pulling funds from the bank.' Washington Mutual did not deny this, but responded that they are not reliant on the short term commercial paper markets as they can draw funds from their banking operations, so there.
Here we go again.
Reuters
WaMu shares fall as credit concerns grow
Thursday July 24, 3:39 pm ET
By Anastasija Johnson and Jonathan Stempel
NEW YORK (Reuters) - Washington Mutual Inc (WM - News) shares fell as much as 23.4 percent and the cost to insure its debt against default rose after an analyst said some creditors reduced their exposure to the largest U.S. savings and loan.
Citing the Seattle-based thrift's financial statements for the period ending June 30, Gimme Credit analyst Kathleen Shanley wrote that "many creditors have quietly been pulling funds" from the company.....
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
LE CAFÉ AMÉRICAIN
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Soupes, Potages et Bouillons
Potage traditionnel, consommé sophistiqué
Canapés et Apéritifs de la Maison
mardi et jeudi à la table du propriétaire
Salade Niçoise
English Breakfast
Gigot d'Agneau
Légumes rôtis
OEUFS BÉNÉDICTE
pas de McMuffin
Schweinshaxe
Girolles
Homard
CÔTE DE BOEUF
aux champignons et pommes frites
GÂTEAU AU CHOCOLAT FONDANT
Clafoutis
aux cerises
GÂTEAU AU FROMAGE
aux-bleuets
