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	<title>Obsolete Certainty &#187; WaMu</title>
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		<title>WaMu and Credit Cards</title>
		<link>http://obsoletecertainty.com/wamu-and-credit-cards/</link>
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		<pubDate>Wed, 25 Jun 2008 01:54:59 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[WaMu]]></category>
		<category><![CDATA[Washington Mutual]]></category>

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		<description><![CDATA[It appears that losing billions of dollars on bad mortgage loans wasn&#8217;t enough for Washington Mutual. The large thrift has decided to jump head first in the subprime credit card business in an attempt that could be best described as essentially playing a double or nothing bet. According to an article by Ari Levy in [...]]]></description>
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