WaMu beat estimates BUT

[anxvariety]

So Washington Mutual earnings released yesterday, and they beat estimates.. BUT the talk on the forums is about all of the tricks they’re pulling to make this happen and it looks pretty bad!

Long story short.. looks like WaMu on the surface is doing OK, but how they ended up at their numbers is being called questionable.

One such thread which covers some of the smoke and mirrors:
WAMU Yahoo Board Thread

[ocrenter]

I found this one linked from implode-o-meter…

http://market-ticker.denninger.net/2007/04/tomorrows-forward-look-earnings-drives.html

btw, implode-o-meter is now at 59 lenders.

[Author]

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