WaMu Fesses Up & Cut to "Junk"

Washington Mutual has provided a press release on its expectations for its third quarter performance to allay investors' fears...not likely to work.Tanking, and tanking hard.-------From Reuters: "Investors are worried that Chief Executive Alan Fishman, who replaced the ousted Kerry Killinger this week, might fail to raise sufficient capital to cover mortgage losses that the thrift has said could