WaMu Seeks $7.4M Transfer To Prop Up Subsidiary
By Jocelyn Allison ( November 13, 2008, 12:00 AM EST) -- Washington Mutual Inc. is asking a federal bankruptcy judge to allow the bankrupt holding company to immediately transfer $7.4 million to subsidiary WM Mortgage Reinsurance Co. Inc. to shore up a capital deficiency in one of its trusts and preserve close to $400 million in value for creditors....
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