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Archive Home > 2008 > October > 24 > Washington Mutual debt sold at auction

Washington Mutual debt sold at auction


October 24, 2008

NEW YORK — Nearly $1 billion in debt from failed bank Washington Mutual Inc. sold in an auction Thursday at a markedly higher price than was seen for a similar auction of Lehman Brothers debt. The auction priced $988 million of Washington Mutual debt at 57 cents for every $1 of debt....

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