davelj, I don’t know at whom you’re directing your comments, and for what purpose. I don’t recall anyone on this thread saying they would buy or short stocks off a Yahoo message board recommendation. I buy stocks only after studying the financial statements and making a list of 3 reasons for buying the stock, and I’ve posted about this before. You can e-mail me at [email protected], or post your name and e-mail address so I can contact you, and we can further discuss what your problems are with me, off this forum. I request that you stay on topic, which in this case, is shorting WaMu.

Bugs, with loan purchases decreasing, it seems WaMu won’t get stuck with too many new loans-gone bad. I would think that the bulk of their problems, if any, were created in 2005 – 2006, when their neg-am income went up five-fold. Do you think that this appraisal change would increase their neg-am income even further, from the current $203 mil/quarter?