Die-hard investors of the beleaguered bank are fighting hard to keep Washington Mutual out of the pockets of greedy short sellers.
Short sellers are notorious for artificially driving down stock prices of otherwise healthy companies — or at least companies that have a fighting chance to pull out of murky waters.
The downfall of financial firms including AIG, Lehman Brothers, Merrill Lynch, including the downward pressure on WaMu and Morgan Stanley are widely beleived to have been at the mercy of unscrupulous short sellers.
more …
Posted in Investing |
1 Comment »