WaMu Stocks Price, What Happen ?

Washington Mutual or WaMu Stocks ( stock symbol: WM ) price has plunged from $1.69 (yesterday close price) to $0.18 ( today open price ), what happen ?

Washington Mutual was the biggest mortgage lenders in the US, so when the subprime mortgage crisis happened, it affected its financial condition. In order to save WaMu, US Government wanted to bail out its bad mortgages. But too bad the bail out plan has been rejected by the lawmakers, WaMu was closed and its banking assets were sold to JP Morgan Chase.

It is so sad to see large financial companies like Lehman Brothers and Washington Mutual have to end their journeys in financial markets. Once again, it is proven that investing world is not easy at all.

For stock investors, especially on WaMu Stocks, how do you deal with stock trading losses ?

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