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Article: California Reinvestment Committee Asks: Washington Mutual's $375 Billion - Trick or Treat?
- Article from:
- PR Newswire
- Article date:
- October 31, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, Oct. 30 /PRNewswire/ --
The following is being issued by California Reinvestment Committee:
Halloween is the last day for consumers to comment on Washington Mutual Bank's (WAMU) purchase of Dime Bancorp and North American Mortgage to federal bank regulators. Washington Mutual has announced a $375 billion unilateral ten-year community commitment. The California Reinvestment Committee (CRC) believes consumers better watch out because this bank statement is a trick that offers little to underserved communities.
Does WAMU's folksy image conceal a trickster that flashes big dollars that camouflage considerable problems for underserved ...