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WaMu Creditors Scoff At Shareholders' Committee Bid

By Christie Smythe (January 22, 2010, 2:37 PM EST) -- Creditors in the bankruptcy of Washington Mutual Inc. have joined forces with the debtor's attempts to scrap a committee of equity holders, contending that there is not likely to be any recovery for common shareholders and that administration expenses will consume too much of the estate's resources....

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