Filed under: Forecasts, Deals, Washington Mutual (WM)

Fellow BloggingStocks contributor, Aaron Katsman, and I were discussing the pros and cons of investing in high-yield bonds this morning. You know, those types of risky bonds that pay a pretty good yield in return for investors lending a risky company their hard-earned cash. Inevitably, Washington Mutual’s name came up.

Is it worth the risk of default to get some juicy yield?

Dunno, but just as we were discussing the troubled lender, some news rolled out over the wires.

Washington Mutual (NYSE: WM), the largest savings and loan in the U.S., announced it’s taking an investment totaling $7 billion from an investor group led by private equity firm, TPG, or Texas Pacific Group.

Well, that helps provide some stability. At least for a while.

Continue reading Washington Mutual shoring up its balance sheet with investment

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This entry was posted on Wednesday, April 9th, 2008 at 1:08 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.