A bail-out of Washinton Mutual (WM) could cost tax-payers another $24 billion.
According to Bloomberg, Richard Bove, an analyst at Ladenburg Thalmann & Co., said the federal government may have to provide that much in mortgage guarantees in order to attract a buyer for the Seattle-based bank.
Douglas A. McIntyre
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A bail-out of Washinton Mutual (WM) could cost tax-payers another $24 billion. 