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Washington Mutual Now trades under the symbol: WAMUQ

** Washington Mutual Went Bankrupt, and even though they still do have stock, it's unlikely investors will see any of it. (see below)

Washtington Mutual used to be traded under WM, hence some of the confusion.

Although not the most authoritative source, this is the best answer that sums it up:

Federal regulators seized WaMu's banking operations and sold them to JPMorgan Chase, saying a run on the bank by depositors threatened its ability to continue doing business.

What remains is the holding company, which is what shareholders have an investment in. WaMu stock has been delisted from the New York exchange, and now trades on the so-called "pink sheets" under the symbol WAMUQ. Stripped of its principal asset, the holding company has filed for Chapter 11 bankruptcy protection in Delaware. The court will now try to determine what assets and liabilities the company has, and how the remaining assets are distributed to creditors.

Analysts say some debt holders may see some return of their money, but common shareholders, who are last in line in seniority of claims on the company, won't see anything.

http://askville.Amazon.com/wamu-stock-put-billion-dollars/AnswerViewer.do?requestId=16988804

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13y ago

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