Federal Deposit Insurance Corporation

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S&P Cuts WaMu, Cites Breakup Concerns 

Sep 24, 2008By

Woes are clearly mounting for troubled thrift Washington Mutual [stock WM][/stock], which saw Standard and Poor’s Ratings Services cut its ratings on the Seattle-based thrift further into junk territory on Wednesday, following an earlier ratings cut by rival agency Moody’s Investors Service earlier this week.

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